GFL Environmental Inc. $GFL Stock Acquired by Bank Pictet & Cie Europe AG

Posted by Francis Steltz on Oct 20th, 2026

Bank Pictet & Cie Europe AG lifted its position in GFL Environmental Inc. (NYSE:GFL – Free Report) by 118.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,905 shares of the company’s stock after buying an additional 14,605 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in GFL Environmental were worth $1,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GFL. Net Worth Advisory Group lifted its stake in GFL Environmental by 23.5% during the 3rd quarter. Net Worth Advisory Group now owns 9,284 shares of the company’s stock worth $375,000 after acquiring an additional 1,764 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in GFL Environmental by 29.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 374,906 shares of the company’s stock valued at $15,182,000 after acquiring an additional 84,555 shares during the period. Banque Pictet & Cie SA grew its position in GFL Environmental by 123.9% in the 3rd quarter. Banque Pictet & Cie SA now owns 475,596 shares of the company’s stock valued at $19,918,000 after acquiring an additional 263,206 shares in the last quarter. Goldstein Advisors LLC acquired a new position in GFL Environmental in the 3rd quarter valued at about $237,000. Finally, Fortitude Advisory Group L.L.C. acquired a new position in GFL Environmental in the 3rd quarter valued at about $627,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GFL shares. Wolfe Research assumed coverage on shares of GFL Environmental in a research note on Tuesday, September 15th. They set an “outperform” rating and a $77.00 price target on the stock. Barclays started coverage on shares of GFL Environmental in a research note on Wednesday, September 2nd. They issued an “overweight” rating and a $58.00 price objective for the company. BMO Capital Markets restated a “market perform” rating on shares of GFL Environmental in a report on Thursday. TD Cowen restated a “buy” rating and issued a $65.00 price objective on shares of GFL Environmental in a report on Friday, September 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of GFL Environmental from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.44.

Read Our Latest Analysis on GFL

GFL Environmental Stock Up 0.4%

Shares of GFL stock traded up $0.20 during trading hours on Tuesday, reaching $44.88. 2,190,357 shares of the stock were exchanged, compared to its average volume of 2,477,334. The business’s fifty day moving average is $42.17 and its two-hundred day moving average is $39.78. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.75 and a quick ratio of 0.75. GFL Environmental Inc. has a 12-month low of $33.33 and a 12-month high of $47.01. The firm has a market capitalization of $16.20 billion, a P/E ratio of -84.71, a P/E/G ratio of 3.37 and a beta of 0.72.

GFL Environmental (NYSE:GFL – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $0.26 EPS. The firm’s revenue was up 16.3% compared to the same quarter last year. As a group, research analysts expect that GFL Environmental Inc. will post 0.55 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a $0.0169 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. GFL Environmental’s dividend payout ratio is currently -13.21%.

GFL Environmental Company Profile

(Free Report)

GFL Environmental Inc is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.