GFL Environmental Inc. (NYSE:GFL – Get Rating) saw a significant drop in short interest rates in October. As of October 31, there were 12,330,000 shares short-sold, down 9.5% from the October 15 total of 13.62 million shares. His 6.8% of the stock is currently sold short. Based on an average daily trading volume of 1,120,000 shares, the current short-term interest rate is 11.0 days.
Analyst sets new price target
Many analysts comment on stocks. Raymond James lowered GFL Environmental’s stock price target from his $37.00 to $35.00, setting the company’s valuation to “outperform,” in a report on Monday, Nov. 7. National Bank Financial lowered its price target for GFL Environmental shares to C$47.00 from his C$53.00 in a report on Thursday, Oct. 20. Bank of America upgraded GFL Environmental’s stock from a ‘neutral’ rating to a ‘buy’ rating and lowered the company’s price target to $32.50 from $34.00 in a report on Friday, Oct. 21. Jefferies Financial Group reissued a ‘buy’ rating and set his $41.00 price target on shares of GFL Environmental in a research report on Tuesday, Oct. 25. Finally, Goldman Sachs Group lowered its price target on GFL Environmental’s shares from $45.00 to $39.00, giving the stock a Buy rating in its report on Friday, October 14th. According to MarketBeat.com, GFL Environmental’s consensus rating is ‘buy’ with an average target price of $42.81.
GFL environmental trade 0.9% increase
Shares of GFL Environmental rose $0.24 to $27.26 during Wednesday’s trading hours. The company’s stock had a trading volume of 907,443 shares compared to his average trading volume of 1,266,335 shares. His one-year low is $23.10 and his one-year high is $42.24 on GFL Environmental. His 50-day moving average for this business is $26.63 and his 200-day moving average is $27.50. The company has a market capitalization of $9.22 billion, a PE ratio of -52.98 and a beta of 1.24. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt to equity ratio of 1.53.
GFL Environmental Announces Dividend
The company recently announced a quarterly dividend paid on Monday, October 31st. Shareholders of record on Monday, October 17 were awarded a dividend of $0.012. This represents his $0.05 dividend and his 0.18% dividend yield on an annualized basis. The ex-dividend date for this dividend was Friday, October 14. GFL Environmental’s payout percentage is currently -9.80%.
Institutional investors focus on the GFL environment
Several large investors have recently changed their positions in the GFL. Sumitomo Mitsui Trust Holdings increased his holding of GFL Environmental by 2.8% in the first quarter. Sumitomo Mitsui Trust Holdings currently owns 423,575 shares of the company worth $13,798,000 after he purchased an additional 11,476 shares last quarter. BW Gestao de Investimentos Ltda., acquired his new stake in GFL Environmental in the first quarter for $8,739,000. Envestnet Asset Management Inc. increased his GFL Environmental holdings by 34.7% in the first quarter. Envestnet Asset Management Inc. now owns 22,812 shares worth $742,000 after purchasing an additional 5,879 shares in the previous quarter. Bfsg LLC acquired a new stake in his GFL Environmental for $877,000 in the first quarter. Finally, Advisor Group Holdings Inc. increased his GFL Environmental holdings by 49.7% in the first quarter. Advisor Group Holdings Inc. now owns 11,312 shares worth $368,000 after purchasing an additional 3,758 shares last quarter. Institutional investors and hedge funds own 62.35% of the company’s shares.
About the GFL environment
GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company provides non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business includes the collection, transportation, transfer, recycling and disposal of non-hazardous solid waste for municipal, residential, commercial and industrial customers.
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