Berbice Capital Management LLC Makes New Investment in GFL Environmental Inc. (NYSE:GFL)

Berbice Capital Management LLC acquired a new position in shares of GFL Environmental Inc. (NYSE:GFL) during the 4th quarter, Holdings Channel.com reports. The fund acquired 600 shares of the company’s stock, valued at approximately $27,000.

Several other large investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC lifted its position in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after purchasing an additional 254 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in shares of GFL Environmental during the third quarter worth approximately $60,000. Avior Wealth Management LLC acquired a new position in shares of GFL Environmental during the third quarter worth approximately $82,000. US Bancorp DE lifted its position in shares of GFL Environmental by 51.5% during the third quarter. US Bancorp DE now owns 2,569 shares of the company’s stock worth $102,000 after purchasing an additional 873 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of GFL Environmental by 30.7% during the third quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock worth $112,000 after purchasing an additional 659 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Up 0.7 %

GFL Environmental stock opened at $42.23 on Friday. The company has a market cap of $16.61 billion, a P/E ratio of -31.75 and a beta of 1.17. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $48.87. The company has a fifty day simple moving average of $44.80 and a 200 day simple moving average of $42.08. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Research analysts anticipate that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -4.51%.

Wall Street Analysts Forecast Growth

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

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.