American Century Companies Inc. Boosts Stock Position in GFL Environmental Inc. $GFL

American Century Companies Inc. boosted its position in GFL Environmental Inc. (NYSE:GFL) by 6.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,798,031 shares of the company’s stock after purchasing an additional 282,729 shares during the quarter. American Century Companies Inc. owned approximately 1.31% of GFL Environmental worth $242,109,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in GFL Environmental by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company’s stock valued at $427,166,000 after acquiring an additional 146,256 shares in the last quarter. S&CO Inc. lifted its holdings in shares of GFL Environmental by 86.6% during the 2nd quarter. S&CO Inc. now owns 114,260 shares of the company’s stock valued at $5,765,000 after purchasing an additional 53,030 shares during the last quarter. Aviva PLC purchased a new stake in shares of GFL Environmental during the 2nd quarter valued at $6,361,000. Palumbo Wealth Management LLC acquired a new stake in shares of GFL Environmental in the 2nd quarter worth $553,000. Finally, Amundi grew its stake in GFL Environmental by 9.5% during the 1st quarter. Amundi now owns 135,828 shares of the company’s stock worth $6,537,000 after buying an additional 11,801 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Stock Down 2.4%

Shares of GFL opened at $45.11 on Monday. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 7.07 and a beta of 1.14. GFL Environmental Inc. has a 52 week low of $41.29 and a 52 week high of $52.00. The stock’s 50-day moving average price is $45.36 and its 200-day moving average price is $47.85. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.98.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.69 billion. GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a $0.0154 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s payout ratio is presently 0.94%.

Analyst Ratings Changes

A number of research firms have commented on GFL. JPMorgan Chase & Co. decreased their price target on GFL Environmental from $54.00 to $46.75 and set a “neutral” rating for the company in a research note on Friday, November 7th. Stifel Nicolaus began coverage on shares of GFL Environmental in a report on Tuesday, September 30th. They set a “buy” rating on the stock. Wells Fargo & Company assumed coverage on shares of GFL Environmental in a research note on Thursday, November 13th. They issued an “overweight” rating for the company. Truist Financial upped their target price on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Raymond James Financial set a $57.00 price objective on GFL Environmental and gave the stock an “outperform” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $57.97.

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.