Bank of Hawaii Raises Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Bank of Hawaii grew its position in shares of GFL Environmental Inc. (NYSE:GFL) by 49.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,063 shares of the company’s stock after acquiring an additional 9,896 shares during the period. Bank of Hawaii’s holdings in GFL Environmental were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GFL. Cerity Partners LLC increased its holdings in GFL Environmental by 88.5% during the 3rd quarter. Cerity Partners LLC now owns 21,148 shares of the company’s stock valued at $843,000 after purchasing an additional 9,930 shares during the period. Massachusetts Financial Services Co. MA lifted its position in GFL Environmental by 2.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company’s stock valued at $471,287,000 after buying an additional 257,486 shares during the period. First Horizon Advisors Inc. lifted its position in GFL Environmental by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,579 shares of the company’s stock valued at $183,000 after acquiring an additional 2,044 shares during the period. PCJ Investment Counsel Ltd. lifted its holdings in shares of GFL Environmental by 59.0% during the third quarter. PCJ Investment Counsel Ltd. now owns 88,350 shares of the company’s stock valued at $3,524,000 after purchasing an additional 32,800 shares during the last quarter. Finally, Avior Wealth Management LLC bought a new stake in GFL Environmental in the third quarter worth $82,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on GFL shares. Raymond James upped their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Scotiabank upped 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. UBS Group lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their target price on GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Truist Financial raised their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental Stock Performance

NYSE GFL opened at $45.88 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental Inc. has a 12 month low of $26.87 and a 12 month high of $46.48. The company’s 50 day moving average is $41.63 and its two-hundred day moving average is $39.29.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. As a group, equities research analysts expect that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a $0.014 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s payout ratio is -4.51%.

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.