GFL Environmental (TSE:GFL) Hits New 52-Week High – Here’s Why

GFL Environmental Inc. (TSE:GFL) hit a new 52-week high on Wednesday . The company traded as high as C$59.17 and last traded at C$59.75, with a volume of 22492 shares changing hands. The stock had previously closed at C$58.08.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GFL. Scotiabank upgraded GFL Environmental to a “strong-buy” rating in a research report on Friday, October 4th. BMO Capital Markets lowered GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 9th.

GFL Environmental Stock Up 4.6 %

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$55.64 and a two-hundred day moving average of C$52.19. The stock has a market capitalization of C$23.13 billion, a price-to-earnings ratio of -28.33, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a dividend of $0.019 per share. The ex-dividend date was Wednesday, October 16th. This represents a $0.08 annualized dividend and a dividend yield of 0.13%. GFL Environmental’s dividend payout ratio (DPR) is presently -3.90%.

Insider Activity at GFL Environmental

In other news, Director Patrick Joseph Dovigi sold 291,180 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$39.65, for a total value of C$11,545,287.00. In other GFL Environmental news, Senior Officer Mindy Beth Gilbert sold 7,733 shares of GFL Environmental stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of C$54.86, for a total transaction of C$424,232.38. Also, Director Patrick Joseph Dovigi sold 291,180 shares of GFL Environmental stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$39.65, for a total value of C$11,545,287.00. Insiders sold a total of 987,224 shares of company stock worth $48,703,272 in the last 90 days. 2.96% of the stock is owned by company insiders.

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.