Gardner Denver Holdings Inc (GDI) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 17.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,345 shares of the company’s stock after acquiring an additional 52,237 shares during the period. Dimensional Fund Advisors LP owned 0.18% of Gardner Denver worth $10,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GDI. Wells Fargo & Company MN boosted its stake in Gardner Denver by 66.7% in the second quarter. Wells Fargo & Company MN now owns 2,173,099 shares of the company’s stock valued at $63,868,000 after acquiring an additional 869,139 shares in the last quarter. BlackRock Inc. boosted its stake in Gardner Denver by 27.6% in the second quarter. BlackRock Inc. now owns 3,640,909 shares of the company’s stock valued at $107,008,000 after acquiring an additional 787,334 shares in the last quarter. First Quadrant L P CA boosted its stake in Gardner Denver by 108.0% in the second quarter. First Quadrant L P CA now owns 706,257 shares of the company’s stock valued at $20,757,000 after acquiring an additional 366,642 shares in the last quarter. Channing Capital Management LLC acquired a new position in Gardner Denver in the second quarter valued at $9,088,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Gardner Denver by 26.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,191,701 shares of the company’s stock valued at $35,024,000 after acquiring an additional 245,605 shares in the last quarter.

Several equities analysts have issued reports on GDI shares. 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. MED started coverage on shares of Gardner Denver in a research note on Wednesday, July 11th. They issued a “buy” rating and a $36.00 price objective for the company. Citigroup decreased their price objective on shares of Gardner Denver from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, June 25th. Morgan Stanley started coverage on shares of Gardner Denver in a research note on Monday, August 20th. They issued an “equal weight” rating and a $30.00 price objective for the company. Finally, Deutsche Bank restated a “hold” rating and issued a $32.00 price objective on shares of Gardner Denver in a research note on Thursday, July 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Gardner Denver currently has an average rating of “Hold” and an average price target of $36.10.

Shares of GDI opened at $25.50 on Friday. Gardner Denver Holdings Inc has a fifty-two week low of $24.35 and a fifty-two week high of $38.00. The stock has a market cap of $5.35 billion, a PE ratio of 255.00 and a beta of 1.23. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.53 and a quick ratio of 1.56.

Gardner Denver (NYSE:GDI) last announced its earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Gardner Denver had a net margin of 10.55% and a return on equity of 24.52%. The business had revenue of $668.20 million during the quarter, compared to the consensus estimate of $668.92 million. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Gardner Denver Holdings Inc will post 1.38 EPS for the current year.

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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Institutional Ownership by Quarter for Gardner Denver (NYSE:GDI)

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