GFL Environmental (TSE:GFL) Reaches New 12-Month High – Here’s What Happened

GFL Environmental Inc. (TSE:GFL)’s share price hit a new 52-week high on Friday . The company traded as high as C$66.77 and last traded at C$66.35, with a volume of 23771 shares. The stock had previously closed at C$65.02.

Wall Street Analyst Weigh In

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

GFL Environmental Stock Up 1.2 %

The company has a debt-to-equity ratio of 145.69, a current ratio of 0.89 and a quick ratio of 0.57. The stock has a market cap of C$25.06 billion, a price-to-earnings ratio of -31.72, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The firm’s 50-day moving average is C$59.50 and its 200 day moving average is C$55.12.

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

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a $0.019 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is currently -3.90%.

Insider Buying and Selling

In related news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 28,862 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$54.47, for a total transaction of C$1,572,191.07. Also, Senior Officer Mindy Beth Gilbert sold 6,698 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$54.39, for a total transaction of C$364,304.22. In the last quarter, insiders sold 43,293 shares of company stock valued at $2,360,728. 2.96% of the stock is currently owned by corporate insiders.

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.