GFL Environmental (NYSE:GFL) Hits New 52-Week Low – Time to Sell?

GFL Environmental Inc. (NYSE:GFL) hit a new 52-week low on Friday . The stock traded as low as $35.47 and last traded at $35.5790, with a volume of 605078 shares changing hands. The stock had previously closed at $35.96.

Analyst Upgrades and Downgrades

GFL has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Citigroup lowered their target price on shares of GFL Environmental from $55.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Wolfe Research initiated coverage on shares of GFL Environmental in a report on Friday, March 13th. They issued an “outperform” rating on the stock. Weiss Ratings lowered shares of GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Finally, Scotiabank lowered their target price on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

GFL Environmental Stock Performance

The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $12.78 billion, a PE ratio of 111.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.78. The company’s 50 day simple moving average is $40.13 and its 200 day simple moving average is $42.44.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) EPS. Analysts expect that GFL Environmental Inc. will post 0.54 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Monday, April 13th were paid a $0.0169 dividend. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, April 13th. This represents a $0.07 annualized dividend and a yield of 0.2%. GFL Environmental’s dividend payout ratio (DPR) is 21.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GFL. Aster Capital Management DIFC Ltd bought a new position in shares of GFL Environmental during the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC bought a new position in shares of GFL Environmental during the 1st quarter valued at approximately $32,000. Sunbelt Securities Inc. bought a new position in shares of GFL Environmental during the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC grew its position in shares of GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after acquiring an additional 219 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of GFL Environmental by 45.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after acquiring an additional 304 shares during the period. 64.70% of the stock is owned by institutional investors.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.