Barton Investment Management Buys 2,864 Shares of GFL Environmental Inc. (NYSE:GFL)

Barton Investment Management boosted its stake in GFL Environmental Inc. (NYSE:GFL) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 414,598 shares of the company’s stock after purchasing an additional 2,864 shares during the quarter. GFL Environmental comprises 2.0% of Barton Investment Management’s investment portfolio, making the stock its 10th biggest position. Barton Investment Management owned 0.11% of GFL Environmental worth $18,466,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Squarepoint Ops LLC bought a new position in GFL Environmental in the second quarter valued at about $220,000. Creative Planning raised its holdings in GFL Environmental by 125.4% during the 2nd quarter. Creative Planning now owns 14,934 shares of the company’s stock worth $581,000 after purchasing an additional 8,309 shares during the last quarter. Truist Financial Corp raised its holdings in GFL Environmental by 1.8% during the 2nd quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock worth $602,000 after purchasing an additional 268 shares during the last quarter. Capital Insight Partners LLC lifted its position in shares of GFL Environmental by 3.7% in the 3rd quarter. Capital Insight Partners LLC now owns 36,962 shares of the company’s stock worth $1,474,000 after purchasing an additional 1,312 shares during the period. Finally, Seven Grand Managers LLC bought a new stake in shares of GFL Environmental in the 3rd quarter valued at $1,994,000. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Performance

Shares of GFL stock opened at $45.45 on Thursday. The company has a market cap of $17.88 billion, a PE ratio of -34.18 and a beta of 1.17. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The business’s fifty day simple moving average is $44.43 and its 200-day simple moving average is $42.39. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $48.87.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.49 billion. Analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were issued a $0.014 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental’s payout ratio is -4.51%.

Wall Street Analyst Weigh In

Several analysts have recently commented on GFL shares. UBS Group raised their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Scotiabank dropped their price objective on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Citigroup assumed coverage on GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 price objective on the stock. Raymond James boosted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Truist Financial boosted their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

About GFL Environmental

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.