Patrick Joseph Dovigi Sells 250,000 Shares of GFL Environmental Inc. (TSE:GFL) Stock

GFL Environmental Inc. (TSE:GFL) Director Patrick Joseph Dovigi sold 250,000 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$68.50, for a total value of C$17,125,500.00.

GFL Environmental Trading Down 1.6%

TSE:GFL opened at C$67.01 on Wednesday. The company has a market cap of C$25.86 billion, a PE ratio of -43.98, a price-to-earnings-growth ratio of -0.76 and a beta of 1.03. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 147.75. The company has a 50 day simple moving average of C$67.55 and a two-hundred day simple moving average of C$64.91. GFL Environmental Inc. has a 12 month low of C$41.90 and a 12 month high of C$71.82.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were issued a $0.0154 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.09%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s payout ratio is presently -5.25%.

Wall Street Analyst Weigh In

Several research firms recently commented on GFL. Seaport Res Ptn raised GFL Environmental to a “strong-buy” rating in a research report on Tuesday, May 6th. Citigroup raised shares of GFL Environmental to a “strong-buy” rating in a report on Monday, January 27th.

GFL Environmental Company Profile

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste.