GFL Environmental (TSE:GFL) Hits New 52-Week High – Should You Buy?

Shares of GFL Environmental Inc. (TSE:GFL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$66.64 and last traded at C$66.41, with a volume of 211002 shares traded. The stock had previously closed at C$65.65.

Analyst Ratings Changes

Separately, Scotiabank raised shares of GFL Environmental to a “strong-buy” rating in a research note on Friday, October 4th.

GFL Environmental Trading Up 1.2 %

The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69. The firm has a 50 day moving average of C$58.29 and a 200-day moving average of C$54.34. The firm has a market capitalization of C$25.28 billion, a P/E ratio of -32.02, a PEG ratio of -0.76 and a beta of 1.03.

GFL Environmental (TSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.32 by C$0.01. The business had revenue of C$2.01 billion during the quarter, compared to the consensus estimate of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. On average, equities research analysts predict that GFL Environmental Inc. will post 1.6870788 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were given a dividend of $0.019 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is currently -3.90%.

Insider Activity at GFL Environmental

In related news, Director Patrick Joseph Dovigi sold 600,000 shares of GFL Environmental stock in a transaction dated Friday, September 6th. The stock was sold at an average price of C$53.39, for a total value of C$32,036,634.00. Also, Senior Officer Mindy Beth Gilbert sold 7,733 shares of GFL Environmental stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of C$54.86, for a total value of C$424,232.38. In the last 90 days, insiders have sold 687,224 shares of company stock worth $36,805,967. Company insiders own 2.96% 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.