Continuum Advisory LLC Has $29,000 Holdings in GFL Environmental Inc. (NYSE:GFL)

Continuum Advisory LLC increased its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 60.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 673 shares of the company’s stock after acquiring an additional 254 shares during the period. Continuum Advisory LLC’s holdings in GFL Environmental were worth $29,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GFL. Fifth Third Bancorp raised its position in shares of GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after purchasing an additional 459 shares during the period. Spartan Fund Management Inc. bought a new position in GFL Environmental in the 3rd quarter worth $60,000. Tobam boosted its holdings in GFL Environmental by 139.5% during the second quarter. Tobam now owns 1,751 shares of the company’s stock valued at $68,000 after acquiring an additional 1,020 shares during the period. Avior Wealth Management LLC bought a new stake in GFL Environmental during the third quarter valued at about $82,000. Finally, Signaturefd LLC grew its position in shares of GFL Environmental by 23.5% in the second quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock valued at $84,000 after purchasing an additional 409 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Trading Down 0.3 %

Shares of GFL stock opened at $45.35 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a fifty day moving average of $43.49 and a 200-day moving average of $40.60. GFL Environmental Inc. has a 52-week low of $30.12 and a 52-week high of $48.87. The stock has a market cap of $17.84 billion, a price-to-earnings ratio of -34.10 and a beta of 1.16.

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

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were issued a dividend of $0.014 per share. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental’s payout ratio is presently -3.76%.

Analyst Ratings Changes

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