Zacks Investment Research downgraded shares of Gardner Denver (NYSE:GDI) from a buy rating to a hold rating in a research note released on Saturday, January 20th.
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 brokerages have also weighed in on GDI. Simmons reissued an overweight rating and issued a $31.00 target price on shares of Gardner Denver in a research report on Tuesday, September 26th. Robert W. Baird reissued a buy rating and issued a $30.00 target price on shares of Gardner Denver in a research report on Wednesday, October 4th. Citigroup reissued a buy rating and issued a $32.00 target price (up previously from $28.00) on shares of Gardner Denver in a research report on Monday, October 9th. Stifel Nicolaus boosted their target price on Gardner Denver from $30.00 to $34.00 and gave the stock a buy rating in a research report on Friday, October 27th. Finally, UBS Group boosted their target price on Gardner Denver from $28.00 to $33.00 and gave the stock a buy rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $33.09.
Gardner Denver (NYSE GDI) opened at $32.70 on Friday. The stock has a market cap of $6,410.00 and a PE ratio of -41.92. Gardner Denver has a one year low of $19.91 and a one year high of $38.00. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.51 and a quick ratio of 1.60.
In related news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.43, for a total value of $667,380,758.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its stake in Gardner Denver by 145.5% in the 3rd quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock worth $160,000 after purchasing an additional 3,459 shares during the period. SG Americas Securities LLC bought a new position in Gardner Denver in the 4th quarter worth approximately $171,000. State of Alaska Department of Revenue bought a new position in Gardner Denver in the 4th quarter worth approximately $176,000. Comerica Bank bought a new position in Gardner Denver in the 4th quarter worth approximately $208,000. Finally, CNH Partners LLC bought a new position in Gardner Denver in the 2nd quarter worth approximately $216,000.
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Gardner Denver Company Profile
Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.
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