Fred Alger Management 13F: Adds $37M to GFL Stake

Fred Alger Management Raises Position in GFL Environmental Inc.

Fred Alger Management lifted its investment in GFL Environmental Inc. NYSE:GFL during the period ended May 15, 2026, according to an institutional Form 13F disclosure filed with the U.S. Securities and Exchange Commission. The fund grew its holding by 994,511 shares, marking a 19.8% increase from its prior count. That brought its total ownership to 6,017,527 shares. At the reported period's close, the block carried an estimated market value of $221.3 million.

Stock Trades Below Moving Averages

GFL Environmental shares recently changed hands at $36.79. The equity has moved within a 52-week window spanning from a low of $33.33 up to a high of $48.07. Trading activity places the stock below both its 50-day moving average of $41.15 and its 200-day moving average of $40.83. The company carries a forward price-to-earnings ratio of 40.68 based on its profit outlook, alongside a market capitalization hovering near $18.64 billion.

Analysts Set New Price Targets

Wall Street coverage features several recent updates from major financial institutions. On September 11, 2026, TD Cowen reiterated its buy rating on the stock with a $65.00 price target. Earlier, on September 2, 2026, Scotiabank maintained its sector outperform rating while adjusting its target to $57.00 from $56.00. Scotiabank had previously set a $56.00 target on July 31, 2026, up from $52.00. On the other side, JP Morgan maintained an underweight rating on July 16, 2026, while moving its target to $41.00 from $40.00, following an earlier target adjustment to $40.00 on July 6, 2026. Across the broader analyst community, the stock holds a consensus buy rating with a mean target price of $51.44.

Waste Management Services Across North America

GFL Environmental Inc. operates in the industrials sector, focusing on non-hazardous solid waste management services across Canada and the United States. The firm handles collection, transportation, transfer, recycling, and disposal for municipal, residential, commercial, and industrial clients. Headquartered in Miami Beach, Florida, the business employs roughly 15,500 workers.

What to Watch at GFL Environmental Inc.

Investors tracking this portfolio change should remember that Form 13F filings look backward at holdings as of a specific date and may not reflect current positions. Market participants can monitor upcoming disclosures and watch for the company's next scheduled financial results report on November 4, 2026, for further operational updates.