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GFL Environmental shares fall after deal expansion announcement
The article notes the company posted better-than-expected Q1 results and raised full-year guidance, but shares still detracted following the announcement of a sizeable acquisition that expands its footprint in Western Canada.
GFL Environmental Inc. slid following the deal reveal, according to an update referenced by Yahoo Finance. The waste management company, which offers non-hazardous solid waste management services across Canada and a broad footprint of U.S. states, was highlighted in the Q2 2026 investor letter from Fred Alger Management’s Alger Mid Cap Focus Fund.
The outlet said GFL shares closed on July 17, 2026, at $39.56 per share, reflecting a $14.28 billion market capitalization. It also cited recent performance figures, including a 1-month return of 13.03% and a 52-week decline of 15.87%.
Yahoo Finance added that, despite better-than-expected first-quarter results and a raised full-year guidance, GFL’s shares detracted during the quarter after it announced a sizable acquisition aimed at expanding its presence in Western Canada.
The broader context in the fund letter described a strong second quarter for U.S. stocks, with the S&P 500 returning 15.2%, while Energy and Utilities lagged on falling oil and gas prices. The fund said Information Technology and Industrials advanced, and it pointed to fund-level outperformance versus the Russell Midcap Growth Index driven by strength in areas including Information Technology and Health Care.
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