Huntington National Bank Buys 300 Shares of GFL Environmental Inc. (NYSE:GFL)

Huntington National Bank raised its stake in GFL Environmental Inc. (NYSE:GFL) by 0.2% during the 3rd quarter, Holdings Channel reports. The fund owned 186,200 shares of the company’s stock after acquiring an additional 300 shares during the period. Huntington National Bank’s holdings in GFL Environmental were worth $7,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Capital Research Global Investors increased its stake in shares of GFL Environmental by 17.4% during the first quarter. Capital Research Global Investors now owns 19,851,514 shares of the company’s stock worth $684,877,000 after purchasing an additional 2,935,811 shares during the period. Vanguard Group Inc. grew its holdings in GFL Environmental by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock valued at $273,053,000 after buying an additional 683,120 shares in the last quarter. Fred Alger Management LLC increased its position in GFL Environmental by 7.1% during the 2nd quarter. Fred Alger Management LLC now owns 6,221,767 shares of the company’s stock worth $242,213,000 after buying an additional 411,128 shares during the period. Millennium Management LLC lifted its holdings in shares of GFL Environmental by 40.0% during the second quarter. Millennium Management LLC now owns 5,649,169 shares of the company’s stock worth $219,922,000 after buying an additional 1,614,182 shares in the last quarter. Finally, Maverick Capital Ltd. boosted its position in shares of GFL Environmental by 22.1% in the second quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company’s stock valued at $127,911,000 after acquiring an additional 595,259 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GFL has been the topic of a number of recent research reports. Scotiabank raised their price target on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. UBS Group raised their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Truist Financial increased their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Raymond James lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.80.

GFL Environmental Trading Down 3.1 %

Shares of GFL stock opened at $43.38 on Friday. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $46.48. The stock’s fifty day moving average price is $40.96 and its two-hundred day moving average price is $38.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.58. The company has a market cap of $16.33 billion, a PE ratio of -33.40 and a beta of 1.15.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Equities analysts predict that GFL Environmental Inc. will post 0.6 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were paid a $0.014 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. 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.