BluePath Capital Management LLC Purchases Shares of 5,617 GFL Environmental Inc. (NYSE:GFL)

BluePath Capital Management LLC acquired a new stake in GFL Environmental Inc. (NYSE:GFL) in the 4th quarter, Holdings Channel reports. The firm acquired 5,617 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in GFL Environmental in the second quarter valued at approximately $201,000. DekaBank Deutsche Girozentrale lifted its position in GFL Environmental by 3.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock valued at $838,000 after acquiring an additional 664 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in GFL Environmental by 56.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 20,784 shares of the company’s stock valued at $809,000 after acquiring an additional 7,491 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of GFL Environmental by 21.6% during the second quarter. Envestnet Asset Management Inc. now owns 126,693 shares of the company’s stock worth $4,932,000 after purchasing an additional 22,481 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of GFL Environmental in the 2nd quarter valued at about $1,409,000. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Stock Performance

NYSE:GFL traded down $0.60 during mid-day trading on Tuesday, reaching $43.61. The stock had a trading volume of 705,774 shares, compared to its average volume of 1,523,733. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87. The business has a 50 day simple moving average of $45.09 and a 200 day simple moving average of $41.94. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of -32.79 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. On average, analysts expect that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Monday, January 13th. GFL Environmental’s dividend payout ratio is currently -3.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group increased their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial raised their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank upped their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental 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.