DSAM Partners London Ltd raised its holdings in Gardner Denver Holdings Inc (NYSE:GDI) by 42.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,296,718 shares of the company’s stock after acquiring an additional 389,097 shares during the quarter. Gardner Denver accounts for about 7.4% of DSAM Partners London Ltd’s holdings, making the stock its biggest position. DSAM Partners London Ltd owned about 0.66% of Gardner Denver worth $43,998,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in GDI. Artisan Partners Limited Partnership purchased a new stake in Gardner Denver in the 3rd quarter valued at about $136,195,000. Vanguard Group Inc. purchased a new stake in shares of Gardner Denver during the 2nd quarter worth about $61,434,000. Victory Capital Management Inc. purchased a new stake in shares of Gardner Denver during the 4th quarter worth about $36,600,000. Boston Partners purchased a new stake in shares of Gardner Denver during the 3rd quarter worth about $26,365,000. Finally, Royal Bank of Canada acquired a new position in Gardner Denver during the 2nd quarter worth approximately $13,275,000.
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 stock was sold at an average price of $26.43, for a total transaction of $667,380,758.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Several equities analysts recently commented on GDI shares. UBS Group boosted their price target on Gardner Denver from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Gardner Denver from a “sell” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, December 26th. Stifel Nicolaus upped their price objective on Gardner Denver from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Johnson Rice assumed coverage on Gardner Denver in a research note on Tuesday, January 30th. They set an “accumulate” rating and a $40.00 price objective for the company. Finally, Citigroup increased their price target on Gardner Denver to $36.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $33.09.
Shares of Gardner Denver Holdings Inc (NYSE:GDI) traded up $0.12 during midday trading on Wednesday, hitting $33.20. The stock had a trading volume of 335,032 shares, compared to its average volume of 630,738. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.60 and a current ratio of 2.51. The firm has a market cap of $6,560.00 and a price-to-earnings ratio of -42.55. Gardner Denver Holdings Inc has a fifty-two week low of $19.91 and a fifty-two week high of $38.00.
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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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