GFL Environmental (TSE:GFL) Reaches New 12-Month High – Still a Buy?

Shares of GFL Environmental Inc. (TSE:GFL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$66.77 and last traded at C$66.35, with a volume of 23771 shares. The stock had previously closed at C$65.02.

Analyst Upgrades and Downgrades

Separately, Scotiabank upgraded GFL Environmental to a “strong-buy” rating in a research note on Friday, October 4th.

GFL Environmental Stock Performance

The firm has a market capitalization of C$24.81 billion, a PE ratio of -31.79, a P/E/G ratio of -0.76 and a beta of 1.03. The company has a debt-to-equity ratio of 145.69, a current ratio of 0.89 and a quick ratio of 0.57. The company’s fifty day simple moving average is C$59.74 and its 200 day simple moving average is C$55.27.

GFL Environmental (TSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.32 by C$0.01. The business had revenue of C$2.01 billion for the quarter, compared to the consensus estimate of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. As a group, equities research analysts expect that GFL Environmental Inc. will post 1.6870788 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were issued a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s payout ratio is -3.90%.

Insider Transactions at GFL Environmental

In other news, Senior Officer Jonathan Lucas (Luke) Pelosi sold 28,862 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$54.47, for a total value of C$1,572,191.07. Also, Senior Officer Mindy Beth Gilbert sold 6,698 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$54.39, for a total transaction of C$364,304.22. Over the last ninety days, insiders have sold 43,293 shares of company stock valued at $2,360,728. 2.96% of the stock is currently owned by corporate insiders.

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.