SRH Advisors LLC Makes New $89,000 Investment in GFL Environmental Inc. (NYSE:GFL)

SRH Advisors LLC bought a new stake in GFL Environmental Inc. (NYSE:GFL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $89,000.

A number of other institutional investors have also made changes to their positions in GFL. Blue Trust Inc. lifted its holdings in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after buying an additional 306 shares in the last quarter. Berbice Capital Management LLC bought a new stake in shares of GFL Environmental during the fourth quarter worth $27,000. Continuum Advisory LLC lifted its stake in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after acquiring an additional 254 shares during the period. Spartan Fund Management Inc. bought a new position in GFL Environmental in the third quarter valued at about $60,000. Finally, Avior Wealth Management LLC acquired a new stake in GFL Environmental in the third quarter worth about $82,000. 64.70% of the stock is owned by institutional investors.

GFL Environmental Price Performance

GFL opened at $46.28 on Wednesday. The stock has a market cap of $18.21 billion, a P/E ratio of -34.80 and a beta of 1.17. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $48.87. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a fifty day simple moving average of $44.38 and a 200 day simple moving average of $42.58.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were issued a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is currently -4.51%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Raymond James upped their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Citigroup began coverage on shares of GFL Environmental in a report on Monday, January 27th. They issued a “buy” rating and a $53.00 price objective on the stock. Scotiabank lowered their target price on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a report on Monday, January 27th. Truist Financial increased their price target on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

GFL Environmental Company Profile

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.