Venturi Wealth Management LLC Has $118,000 Holdings in GFL Environmental Inc. (NYSE:GFL)

Venturi Wealth Management LLC increased its stake in GFL Environmental Inc. (NYSE:GFL) by 6,717.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,659 shares of the company’s stock after purchasing an additional 2,620 shares during the quarter. Venturi Wealth Management LLC’s holdings in GFL Environmental were worth $118,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Generate Investment Management Ltd bought a new stake in GFL Environmental in the 4th quarter valued at $15,041,000. Tobam bought a new stake in GFL Environmental in the 4th quarter valued at $1,846,000. Harbor Capital Advisors Inc. raised its stake in GFL Environmental by 115.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company’s stock valued at $1,977,000 after acquiring an additional 26,542 shares during the period. FMR LLC raised its stake in GFL Environmental by 7.4% in the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after acquiring an additional 1,728,598 shares during the period. Finally, Forsta AP Fonden bought a new stake in GFL Environmental in the 3rd quarter valued at $1,761,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Scotiabank dropped their price target 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. Citigroup started coverage on GFL Environmental in a research report on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. Truist Financial increased their price objective on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. UBS Group raised their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Raymond James raised their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

GFL Environmental Stock Performance

NYSE:GFL opened at $46.36 on Friday. The stock’s 50-day simple moving average is $44.44 and its 200 day simple moving average is $43.02. The firm has a market capitalization of $18.24 billion, a PE ratio of -34.86 and a beta of 1.17. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -4.51%.

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.