American Century Companies Inc. raised its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 40.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,412,639 shares of the company's stock after buying an additional 693,884 shares during the quarter. American Century Companies Inc. owned about 0.61% of GFL Environmental worth $107,459,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of GFL. Blue Trust Inc. lifted its stake in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares during the last quarter. Berbice Capital Management LLC bought a new position in shares of GFL Environmental in the 4th quarter worth about $27,000. Continuum Advisory LLC boosted its holdings in shares of GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after buying an additional 254 shares during the period. SRH Advisors LLC bought a new stake in shares of GFL Environmental during the 4th quarter valued at about $89,000. Finally, Avior Wealth Management LLC acquired a new stake in GFL Environmental during the third quarter worth about $82,000. Institutional investors own 64.70% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on GFL. Citigroup assumed coverage on GFL Environmental in a research note on Monday, January 27th. They issued a "buy" rating and a $53.00 target price for the company. Scotiabank boosted their price objective on GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 5th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Royal Bank of Canada restated an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. Finally, Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $49.63.
View Our Latest Research Report on GFL Environmental
GFL Environmental Price Performance
GFL traded up $0.41 during trading on Tuesday, reaching $48.55. The stock had a trading volume of 683,394 shares, compared to its average volume of 1,329,148. The stock has a 50 day moving average of $45.14 and a two-hundred day moving average of $43.73. 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 firm has a market capitalization of $19.10 billion, a price-to-earnings ratio of -36.50 and a beta of 1.16. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $48.87.
GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, equities analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.
GFL Environmental Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were paid a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's dividend payout ratio is currently -3.23%.
About GFL Environmental
(
Free Report)
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.
Featured Articles
Before you consider GFL Environmental, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GFL Environmental wasn't on the list.
While GFL Environmental currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
