GFL slides as investors digest large, mostly stock-funded acquisition plan

GFL Environmental Inc. (GFL) is down 8.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to GFL’s announcement of a major acquisition that is largely funded with stock, which can pressure the acquirer’s shares due to dilution concerns and questions about leverage and integration. Investors may also be reassessing GFL’s near-term financial flexibility after another sizable recent deal as the company continues to expand its footprint.

Details:

GFL announced an agreement to acquire SECURE Waste Infrastructure, a transaction that values the target at $24.75 per share with consideration split between stock and cash.

The deal value is sizable (including assumed debt), and the stock-heavy structure implies additional GFL share issuance, which can weigh on the acquirer’s price even when the strategic rationale is viewed positively.

GFL and the target scheduled an investor conference call on April 13, 2026, as markets reacted to initial terms, expected closing timing, and management’s synergy and financing commentary.

This could also reflect broader risk-off behavior toward levered, acquisition-driven roll-up stories, where investors demand clearer proof of accretion and deleveraging.

Sources:

PR Newswire, TipRanks, TradingView

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 157 institutional investors add shares of $GFL stock to their portfolio, and 127 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BC PARTNERS PE LP removed 5,424,796 shares (-15.4%) from their portfolio in Q4 2025, for an estimated $232,994,988
AMERICAN CENTURY COMPANIES INC removed 5,025,075 shares (-83.4%) from their portfolio in Q4 2025, for an estimated $215,826,971
MAVERICK CAPITAL LTD added 3,436,419 shares (+216.5%) to their portfolio in Q4 2025, for an estimated $147,594,196
CAPITAL RESEARCH GLOBAL INVESTORS added 3,267,936 shares (+17.6%) to their portfolio in Q4 2025, for an estimated $140,357,851
JANE STREET GROUP, LLC added 3,111,222 shares (+1049.8%) to their portfolio in Q4 2025, for an estimated $133,626,984
NORDEA INVESTMENT MANAGEMENT AB added 1,932,442 shares (+40.8%) to their portfolio in Q4 2025, for an estimated $82,998,383
ONTARIO TEACHERS PENSION PLAN BOARD removed 1,846,726 shares (-7.6%) from their portfolio in Q4 2025, for an estimated $79,316,881

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$GFL Analyst Ratings

Wall Street analysts have issued reports on $GFL in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Overweight" rating on 11/14/2025
UBS issued a "Buy" rating on 11/10/2025
Barclays issued a "Overweight" rating on 11/07/2025

To track analyst ratings and price targets for $GFL, check out Quiver Quantitative's $GFL forecast page.

$GFL Price Targets

Multiple analysts have issued price targets for $GFL recently. We have seen 9 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 $49.0 on 04/10/2026
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
Konark Gupta from Scotiabank set a target price of $56.0 on 02/12/2026
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
Bryan Burgmeier from Citigroup set a target price of $56.0 on 01/16/2026

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.