GFL Environmental (TSE:GFL) Downgraded by BMO Capital Markets

BMO Capital Markets downgraded shares of GFL Environmental (TSE:GFL) from a strong-buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

GFL Environmental Stock Performance

GFL Environmental stock opened at C$51.33 on Tuesday. The company has a 50 day moving average price of C$48.68 and a 200-day moving average price of C$47.10. The company has a debt-to-equity ratio of 130.18, a quick ratio of 0.57 and a current ratio of 0.84. GFL Environmental has a fifty-two week low of C$36.56 and a fifty-two week high of C$55.06. The company has a market capitalization of C$18.72 billion, a PE ratio of -344.92, a P/E/G ratio of -0.76 and a beta of 1.20.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Monday, July 15th.

Insider Activity

In other news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 62,872 shares of GFL Environmental stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of C$44.92, for a total transaction of C$2,824,210.24. Insiders own 3.10% of the company’s stock.

About GFL Environmental

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.