BluePath Capital Management LLC Makes New $248,000 Investment in GFL Environmental Inc. (NYSE:GFL)

BluePath Capital Management LLC bought a new stake in GFL Environmental Inc. (NYSE:GFL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,617 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds have also bought and sold shares of the business. Continuum Advisory LLC increased its holdings in GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after purchasing an additional 254 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in GFL Environmental in the 3rd quarter valued at about $60,000. Avior Wealth Management LLC acquired a new position in GFL Environmental during the 3rd quarter worth approximately $82,000. US Bancorp DE increased its holdings in shares of GFL Environmental by 51.5% during the third quarter. US Bancorp DE now owns 2,569 shares of the company’s stock valued at $102,000 after acquiring an additional 873 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of GFL Environmental by 30.7% in the 3rd quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock worth $112,000 after purchasing an additional 659 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

GFL Environmental Price Performance

Shares of NYSE GFL traded down $0.60 during trading on Tuesday, hitting $43.61. The company had a trading volume of 705,774 shares, compared to its average volume of 1,523,733. 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 stock has a fifty day simple moving average of $45.09 and a two-hundred day simple moving average of $41.94. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $48.87.

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

GFL Environmental Dividend Announcement

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

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.