Zacks Investment Research upgraded shares of Gardner Denver (NYSE:GDI) from a sell rating to a hold rating in a research note released on Wednesday.
According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “
A number of other analysts have also weighed in on GDI. Piper Jaffray Companies set a $37.00 price objective on shares of Gardner Denver and gave the company a buy rating in a research note on Wednesday, August 15th. Morgan Stanley started coverage on shares of Gardner Denver in a research note on Monday, August 20th. They set an equal weight rating and a $30.00 price objective for the company. ValuEngine lowered shares of Gardner Denver from a hold rating to a sell rating in a research note on Thursday, August 23rd. Barclays restated a hold rating and set a $31.00 price objective on shares of Gardner Denver in a research note on Friday, September 7th. Finally, Stifel Nicolaus restated a buy rating and set a $32.00 price objective on shares of Gardner Denver in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Gardner Denver has a consensus rating of Buy and an average price target of $33.15.
Shares of NYSE GDI opened at $22.30 on Wednesday. Gardner Denver has a 1 year low of $21.42 and a 1 year high of $38.00. The stock has a market cap of $4.55 billion, a P/E ratio of 13.47 and a beta of 0.95. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.40 and a quick ratio of 1.46.
Gardner Denver (NYSE:GDI) last issued its quarterly earnings results on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. The company had revenue of $689.30 million during the quarter, compared to analysts’ expectations of $707.78 million. As a group, research analysts forecast that Gardner Denver will post 1.31 earnings per share for the current fiscal year.
In other news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of Gardner Denver stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $25.66, for a total value of $513,200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in Gardner Denver during the second quarter valued at approximately $107,000. Zions Bancorporation grew its position in Gardner Denver by 154.5% during the third quarter. Zions Bancorporation now owns 3,659 shares of the company’s stock valued at $104,000 after buying an additional 2,221 shares during the period. Tower Research Capital LLC TRC bought a new stake in Gardner Denver during the third quarter valued at approximately $130,000. Riverhead Capital Management LLC grew its position in Gardner Denver by 114.8% during the second quarter. Riverhead Capital Management LLC now owns 6,443 shares of the company’s stock valued at $189,000 after buying an additional 3,443 shares during the period. Finally, Hartford Investment Management Co. bought a new stake in Gardner Denver during the third quarter valued at approximately $204,000.
Gardner Denver Company Profile
Gardner Denver Holdings, Inc provides mission-critical flow control and compression equipment; and associated aftermarket parts, consumables, and services in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Industrials, Energy, and Medical.
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