GFL jumps as take-private speculation appears to spark buying interest

GFL Environmental (GFL) is up 8.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The clearest catalyst appears to be takeover speculation after a July 3 report said GFL is considering a potential take-private transaction following interest from buyout firms. The move may also be getting support from a string of recent corporate updates that kept investor attention on the name, including index inclusion, a dividend declaration, and an upcoming earnings date.

Details:

A July 3 market report said GFL has been discussing strategic options with advisers after receiving preliminary interest from investment firms, which likely drove expectations of a possible acquisition premium.

That same report indicated the shares rose as much as 11% in Toronto during the session, showing the market reacted quickly to the buyout narrative before U.S. trading resumed.

GFL said it joined the Russell 1000 and Russell 3000 indices effective June 29, a change that can improve visibility and broaden institutional ownership.

The company also announced a second-quarter dividend, set July 29 as the date for its Q2 2026 results release, and completed a US$750 million senior notes offering in late June.

Sources:

Bloomberg Law, GFL Environmental, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$GFL Hedge Fund Activity

We have seen 165 institutional investors add shares of $GFL stock to their portfolio, and 134 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PICTET ASSET MANAGEMENT HOLDING SA removed 2,357,554 shares (-27.7%) from their portfolio in Q1 2026, for an estimated $98,357,152
MILLENNIUM MANAGEMENT LLC added 1,994,954 shares (+78.6%) to their portfolio in Q1 2026, for an estimated $83,229,480
CLARKSTON CAPITAL PARTNERS, LLC removed 1,875,176 shares (-66.9%) from their portfolio in Q1 2026, for an estimated $78,232,342
NORDEA INVESTMENT MANAGEMENT AB added 1,591,014 shares (+23.8%) to their portfolio in Q1 2026, for an estimated $66,377,104
CAPITAL RESEARCH GLOBAL INVESTORS added 1,288,348 shares (+5.9%) to their portfolio in Q1 2026, for an estimated $53,749,878
MAVERICK CAPITAL LTD removed 1,173,761 shares (-23.4%) from their portfolio in Q1 2026, for an estimated $48,969,308
INTERVAL PARTNERS, LP added 1,091,829 shares (+inf%) to their portfolio in Q1 2026, for an estimated $45,551,105

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GFL Price Targets

Multiple analysts have issued price targets for $GFL recently. We have seen 7 analysts offer price targets for $GFL in the last 6 months, with a median target of $60.0.

Here are some recent targets:

Tami Zakaria from JP Morgan set a target price of $40.0 on 07/06/2026
Konark Gupta from Scotiabank set a target price of $52.0 on 05/04/2026
Bryan Burgmeier from Citigroup set a target price of $51.0 on 04/15/2026
Jerry Revich from Wells Fargo set a target price of $69.0 on 03/18/2026
Brad Hewitt from Wolfe Research set a target price of $74.0 on 03/13/2026
William Grippin from Barclays set a target price of $63.0 on 02/12/2026
Sabahat Khan from RBC Capital set a target price of $60.0 on 02/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.