FDx Advisors Inc. Grows Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

FDx Advisors Inc. raised its position in shares of GFL Environmental Inc. (NYSE:GFL) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,782 shares of the company’s stock after purchasing an additional 616 shares during the period. FDx Advisors Inc.’s holdings in GFL Environmental were worth $525,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after buying an additional 306 shares during the last quarter. Berbice Capital Management LLC bought a new position in shares of GFL Environmental during the fourth quarter valued at about $27,000. Continuum Advisory LLC grew its stake in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after buying an additional 254 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of GFL Environmental during the third quarter valued at about $82,000. Finally, SRH Advisors LLC bought a new position in shares of GFL Environmental during the fourth quarter valued at about $89,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Performance

GFL Environmental stock opened at $46.28 on Friday. The stock’s 50 day simple moving average is $44.41 and its two-hundred day simple moving average is $42.94. 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 stock has a market cap of $18.20 billion, a price-to-earnings ratio of -34.79 and a beta of 1.17. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $48.87.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental’s payout ratio is -3.76%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GFL shares. Scotiabank reduced their price objective on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Raymond James raised their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. UBS Group raised their target price on 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 target price on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Citigroup initiated coverage on GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, GFL Environmental presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

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.