American Century Companies Inc. Has $107.46 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

American Century Companies Inc. raised its position in shares of GFL Environmental Inc. (NYSE:GFL) by 40.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,412,639 shares of the company’s stock after acquiring an additional 693,884 shares during the period. American Century Companies Inc. owned approximately 0.61% of GFL Environmental worth $107,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GFL. Fred Alger Management LLC boosted its stake in GFL Environmental by 64.3% in the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock valued at $407,619,000 after purchasing an additional 3,999,363 shares during the period. Soros Fund Management LLC boosted its position in shares of GFL Environmental by 487.0% in the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after acquiring an additional 2,618,589 shares during the period. FMR LLC grew its stake in shares of GFL Environmental by 7.4% in the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after acquiring an additional 1,728,598 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in GFL Environmental by 162.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company’s stock worth $50,694,000 after acquiring an additional 786,044 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in GFL Environmental in the 4th quarter worth about $18,836,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GFL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 target price on shares of GFL Environmental in a report on Monday, February 24th. Stifel Nicolaus upgraded GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Citigroup began coverage on GFL Environmental in a research report on Monday, January 27th. They issued a “buy” rating and a $53.00 price target on the stock. Finally, Scotiabank upped their price objective on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.63.

GFL Environmental Stock Performance

GFL Environmental stock opened at $47.87 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a market cap of $18.83 billion, a PE ratio of -35.99 and a beta of 1.16. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $48.87. The business’s 50-day moving average price is $45.06 and its two-hundred day moving average price is $43.68.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s payout ratio is -3.23%.

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.