Gardner Denver Holdings Inc (NYSE:GDI) Stake Boosted by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,091 shares of the company’s stock after acquiring an additional 1,591 shares during the period. Rhumbline Advisers’ holdings in Gardner Denver were worth $2,888,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new position in shares of Gardner Denver during the 2nd quarter valued at $33,000. NumerixS Investment Technologies Inc bought a new stake in Gardner Denver in the second quarter worth $45,000. Aperio Group LLC bought a new stake in Gardner Denver in the second quarter worth $115,000. FNY Investment Advisers LLC bought a new stake in Gardner Denver in the second quarter worth $138,000. Finally, Machina Capital S.A.S. boosted its holdings in Gardner Denver by 270.1% in the second quarter. Machina Capital S.A.S. now owns 5,315 shares of the company’s stock worth $184,000 after purchasing an additional 3,879 shares in the last quarter.

A number of equities research analysts recently issued reports on GDI shares. Morgan Stanley decreased their price objective on shares of Gardner Denver from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Credit Suisse Group cut shares of Gardner Denver from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $30.00 to $32.00 in a report on Wednesday, October 30th. ValuEngine upgraded shares of Gardner Denver from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 30th. Zacks Investment Research upgraded shares of Gardner Denver from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Barclays reiterated a “hold” rating and issued a $30.00 price objective on shares of Gardner Denver in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Gardner Denver has a consensus rating of “Hold” and an average target price of $33.25.

Gardner Denver stock traded up $0.09 on Tuesday, reaching $33.91. 13,499 shares of the stock were exchanged, compared to its average volume of 2,051,304. The stock has a market cap of $6.90 billion, a PE ratio of 26.25 and a beta of 1.45. The company has a current ratio of 2.51, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89. Gardner Denver Holdings Inc has a twelve month low of $18.70 and a twelve month high of $36.22. The firm has a fifty day moving average price of $30.45 and a two-hundred day moving average price of $31.84.

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

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