American Century Companies Inc. Sells 50,253 Shares of GFL Environmental Inc. (NYSE:GFL)

American Century Companies Inc. lessened its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,219,631 shares of the company's stock after selling 50,253 shares during the period. American Century Companies Inc. owned 0.59% of GFL Environmental worth $86,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Tobam bought a new stake in shares of GFL Environmental during the first quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in GFL Environmental in the 1st quarter valued at $39,000. Cape Investment Advisory Inc. grew its holdings in GFL Environmental by 325.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company's stock valued at $44,000 after buying an additional 975 shares in the last quarter. Fifth Third Bancorp increased its position in GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after buying an additional 459 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of GFL Environmental during the first quarter worth $69,000. Institutional investors and hedge funds own 64.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Raymond James boosted their price target on GFL Environmental from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. Finally, BMO Capital Markets cut GFL Environmental from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $43.00 to $42.00 in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.64.

GFL Environmental Trading Down 0.6 %

NYSE GFL traded down $0.23 during trading hours on Friday, reaching $40.03. The company's stock had a trading volume of 1,618,855 shares, compared to its average volume of 1,240,029. The firm has a fifty day simple moving average of $40.19 and a 200-day simple moving average of $36.61. The stock has a market cap of $15.07 billion, a P/E ratio of 38.86 and a beta of 1.16. GFL Environmental Inc. has a 52 week low of $26.87 and a 52 week high of $43.79. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. Equities analysts forecast that GFL Environmental Inc. will post 0.62 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Monday, July 15th. GFL Environmental's dividend payout ratio is presently 4.85%.

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.