LGT Capital Partners LTD. purchased a new position in shares of Gardner Denver Holdings Inc (NYSE:GDI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 61,000 shares of the company’s stock, valued at approximately $1,247,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its holdings in Gardner Denver by 20.7% during the 4th quarter. State of Alaska Department of Revenue now owns 14,136 shares of the company’s stock worth $288,000 after purchasing an additional 2,424 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Gardner Denver during the 4th quarter worth approximately $255,000. Vanguard Group Inc lifted its holdings in Gardner Denver by 7.3% during the 3rd quarter. Vanguard Group Inc now owns 9,457,710 shares of the company’s stock worth $268,031,000 after purchasing an additional 646,428 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Gardner Denver by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,457,710 shares of the company’s stock worth $268,031,000 after purchasing an additional 646,428 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Gardner Denver by 2.7% during the 3rd quarter. Morgan Stanley now owns 146,940 shares of the company’s stock worth $4,165,000 after purchasing an additional 3,927 shares during the last quarter.
In other news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of Gardner Denver stock in a transaction on Friday, November 2nd. The stock was 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 SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.
Gardner Denver (NYSE:GDI) last posted its quarterly earnings data on Friday, October 26th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Gardner Denver had a return on equity of 22.72% and a net margin of 12.06%. The firm had revenue of $689.30 million for the quarter, compared to analyst estimates of $707.78 million. Equities research analysts expect that Gardner Denver Holdings Inc will post 1.31 earnings per share for the current fiscal year.
Several analysts recently weighed in on GDI shares. Piper Jaffray Companies set a $35.00 price target on Gardner Denver and gave the stock a “buy” rating in a report on Wednesday, September 26th. Zacks Investment Research lowered Gardner Denver from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. 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. Citigroup lowered their price objective on Gardner Denver from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, Goldman Sachs Group upgraded Gardner Denver from a “buy” rating to a “conviction-buy” rating and set a $34.00 price objective on the stock in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Gardner Denver presently has an average rating of “Hold” and a consensus target price of $31.85.
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About Gardner Denver
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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