Cape Investment Advisory Inc. Increases Stock Position in GFL Environmental Inc. (NYSE:GFL)

Cape Investment Advisory Inc. grew its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 325.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,275 shares of the company’s stock after acquiring an additional 975 shares during the period. Cape Investment Advisory Inc.’s holdings in GFL Environmental were worth $44,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC increased its holdings in shares of GFL Environmental by 48.9% during the fourth quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock valued at $41,000 after acquiring an additional 387 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its holdings in GFL Environmental by 60.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock worth $42,000 after purchasing an additional 454 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in GFL Environmental by 2.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 20,803 shares of the company’s stock worth $712,000 after purchasing an additional 575 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in GFL Environmental by 5.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,322 shares of the company’s stock worth $460,000 after purchasing an additional 690 shares in the last quarter. Finally, Tobam purchased a new position in GFL Environmental in the 1st quarter worth approximately $25,000. 64.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GFL has been the topic of a number of research analyst reports. BMO Capital Markets cut GFL Environmental from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $43.00 to $42.00 in a report on Tuesday, July 9th. TD Cowen boosted their price target on GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Royal Bank of Canada boosted their price target on GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Raymond James upped their price objective on GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.64.

GFL Environmental Trading Down 0.3 %

Shares of NYSE GFL traded down $0.12 during trading hours on Friday, hitting $39.99. 2,041,472 shares of the company traded hands, compared to its average volume of 1,181,690. The stock has a market capitalization of $15.06 billion, a price-to-earnings ratio of 81.86 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average price is $37.67 and its 200 day moving average price is $35.31. GFL Environmental Inc. has a 12 month low of $26.87 and a 12 month high of $40.71.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, July 15th.

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.