GFL Environmental Inc. (NYSE:GFL) declared a quarterly dividend on Thursday, October 7th, Zacks reports. Investors of record on Monday, October 18th will be paid a dividend of 0.011 per share on Friday, October 29th. This represents a $0.04 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Friday, October 15th.
GFL Environmental has a dividend payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect GFL Environmental to earn $0.10 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 40.0%.
NYSE GFL opened at $39.40 on Thursday. The firm has a market capitalization of $12.99 billion, a PE ratio of 164.79 and a beta of 1.08. The business’s 50-day moving average price is $36.25 and its two-hundred day moving average price is $33.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.24. GFL Environmental has a 12 month low of $19.04 and a 12 month high of $40.02.
A hedge fund recently raised its stake in GFL Environmental stock. Morgan Stanley boosted its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 211.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 588,102 shares of the company’s stock after acquiring an additional 399,042 shares during the quarter. Morgan Stanley owned 0.18% of GFL Environmental worth $18,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 59.84% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on GFL shares. National Bank Financial increased their price objective on shares of GFL Environmental from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 29th. TD Securities boosted their target price on shares of GFL Environmental from C$53.00 to C$54.00 and gave the company a “buy” rating in a research note on Wednesday, October 6th. Zacks Investment Research lowered GFL Environmental from a “hold” rating to a “sell” rating in a research note on Wednesday, September 29th. BMO Capital Markets raised their price target on GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, October 4th. Finally, CIBC boosted their price objective on GFL Environmental from C$48.00 to C$53.00 and gave the stock an “outperform” rating in a report on Monday, October 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $41.59.
GFL Environmental Company Profile
GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.
Featured Article: What is a Fiduciary?
Receive News & Ratings for GFL Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GFL Environmental and related companies with MarketBeat.com's FREE daily email newsletter.