Picton Mahoney Asset Management Sells 3,900 Shares of Gardner Denver Holdings Inc (NYSE:GDI)

Picton Mahoney Asset Management cut its holdings in Gardner Denver Holdings Inc (NYSE:GDI) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,000 shares of the company’s stock after selling 3,900 shares during the period. Picton Mahoney Asset Management’s holdings in Gardner Denver were worth $1,903,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Quantamental Technologies LLC grew its position in Gardner Denver by 224.9% during the first quarter. Quantamental Technologies LLC now owns 2,599 shares of the company’s stock worth $72,000 after buying an additional 1,799 shares in the last quarter. Aperio Group LLC acquired a new stake in Gardner Denver during the second quarter worth about $115,000. FNY Investment Advisers LLC acquired a new stake in Gardner Denver during the second quarter worth about $138,000. Machina Capital S.A.S. grew its position in Gardner Denver by 270.1% during the second quarter. Machina Capital S.A.S. now owns 5,315 shares of the company’s stock worth $184,000 after buying an additional 3,879 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Gardner Denver by 25.4% during the first quarter. BNP Paribas Arbitrage SA now owns 6,663 shares of the company’s stock worth $185,000 after buying an additional 1,348 shares in the last quarter. Institutional investors and hedge funds own 99.44% of the company’s stock.

NYSE GDI traded down $1.26 during trading on Friday, reaching $28.23. 1,451,351 shares of the company traded hands, compared to its average volume of 1,644,554. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.53 and a current ratio of 2.48. The stock’s 50 day moving average price is $31.94 and its two-hundred day moving average price is $30.63. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 21.88 and a beta of 1.36. Gardner Denver Holdings Inc has a 1-year low of $18.70 and a 1-year high of $36.22.

Gardner Denver (NYSE:GDI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. The company had revenue of $629.10 million for the quarter, compared to the consensus estimate of $634.46 million. Gardner Denver had a return on equity of 15.17% and a net margin of 9.76%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 earnings per share. Equities research analysts expect that Gardner Denver Holdings Inc will post 0.81 EPS for the current fiscal year.

A number of research firms recently weighed in on GDI. Stifel Nicolaus decreased their target price on Gardner Denver from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. UBS Group downgraded Gardner Denver from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $31.00 to $38.00 in a research report on Tuesday, May 7th. Morgan Stanley decreased their target price on Gardner Denver from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. CIBC reissued a “hold” rating and set a $31.00 target price on shares of Gardner Denver in a research report on Monday, August 12th. Finally, Credit Suisse Group lifted their target price on Gardner Denver from $31.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.50.

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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