Janney Capital Management LLC Has $453,000 Stock Position in GFL Environmental Inc. (NYSE:GFL)

Janney Capital Management LLC trimmed its position in GFL Environmental Inc. (NYSE:GFL) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,370 shares of the company’s stock after selling 466 shares during the quarter. Janney Capital Management LLC’s holdings in GFL Environmental were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tobam bought a new position in GFL Environmental during the first quarter worth $25,000. Headlands Technologies LLC bought a new position in GFL Environmental during the first quarter worth $39,000. Cape Investment Advisory Inc. increased its position in GFL Environmental by 325.0% during the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock worth $44,000 after acquiring an additional 975 shares during the period. Fifth Third Bancorp increased its position in GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after acquiring an additional 459 shares during the period. Finally, Spartan Fund Management Inc. bought a new position in GFL Environmental during the third quarter worth $60,000. Institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GFL. Scotiabank began coverage on shares of GFL Environmental in a research report on Friday, October 4th. They set a “sector outperform” rating and a $50.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. BMO Capital Markets lowered shares of GFL Environmental from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $43.00 to $42.00 in a report on Tuesday, July 9th. Finally, Raymond James boosted their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, GFL Environmental currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.56.

GFL Environmental Stock Down 0.5 %

Shares of NYSE:GFL opened at $41.58 on Monday. GFL Environmental Inc. has a 52 week low of $26.87 and a 52 week high of $43.79. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89. The company’s fifty day moving average is $40.74 and its 200-day moving average is $38.06. The company has a market capitalization of $15.66 billion, a PE ratio of -27.72 and a beta of 1.15.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental’s dividend payout ratio (DPR) is -4.00%.

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.