Quantinno Capital Management LP Has $895,000 Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Quantinno Capital Management LP increased its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 9.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,453 shares of the company’s stock after buying an additional 1,904 shares during the quarter. Quantinno Capital Management LP’s holdings in GFL Environmental were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after buying an additional 459 shares in the last quarter. Spartan Fund Management Inc. purchased a new stake in shares of GFL Environmental during the third quarter worth $60,000. Tobam boosted its position in GFL Environmental by 139.5% during the second quarter. Tobam now owns 1,751 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares during the last quarter. Avior Wealth Management LLC purchased a new position in GFL Environmental in the third quarter valued at about $82,000. Finally, Signaturefd LLC increased its position in GFL Environmental by 23.5% in the 2nd quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock worth $84,000 after purchasing an additional 409 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GFL. Scotiabank lifted their price target on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Raymond James lifted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group increased their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Truist Financial lifted their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, GFL Environmental currently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

GFL Environmental Stock Performance

Shares of GFL opened at $44.86 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $48.87. The company’s fifty day moving average price is $43.58 and its 200 day moving average price is $40.69. The company has a market capitalization of $17.65 billion, a PE ratio of -33.73 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates 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. As a group, analysts expect that GFL Environmental Inc. will post 0.59 earnings per share for the current year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a dividend of $0.014 per share. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is presently -3.76%.

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.