Gardner Denver (NYSE:GDI) had its target price lowered by Citigroup from $42.00 to $41.00 in a research note issued to investors on Monday. Citigroup currently has a buy rating on the stock.
Several other research firms have also recently issued reports on GDI. Johnson Rice upgraded Gardner Denver from an accumulate rating to a buy rating in a research report on Friday, June 15th. ValuEngine upgraded Gardner Denver from a sell rating to a hold rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research cut Gardner Denver from a strong-buy rating to a hold rating in a report on Tuesday, April 24th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Gardner Denver presently has an average rating of Buy and a consensus price target of $34.40.
NYSE:GDI opened at $29.26 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.48 and a quick ratio of 1.55. Gardner Denver has a 12-month low of $20.55 and a 12-month high of $38.00. The stock has a market cap of $5.61 billion and a P/E ratio of 292.60.
Gardner Denver (NYSE:GDI) last released its earnings results on Friday, April 27th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.23. Gardner Denver had a return on equity of 17.57% and a net margin of 2.70%. The firm had revenue of $619.60 million during the quarter, compared to analysts’ expectations of $570.06 million. research analysts anticipate that Gardner Denver will post 1.32 EPS for the current year.
In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 30,436,064 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $29.84, for a total transaction of $908,212,149.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in GDI. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gardner Denver by 123.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the company’s stock worth $147,000 after purchasing an additional 2,650 shares during the period. US Bancorp DE boosted its holdings in shares of Gardner Denver by 341.2% in the 1st quarter. US Bancorp DE now owns 5,210 shares of the company’s stock worth $160,000 after purchasing an additional 4,029 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Gardner Denver by 50.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,850 shares of the company’s stock worth $165,000 after purchasing an additional 1,620 shares during the period. SG Americas Securities LLC purchased a new position in shares of Gardner Denver in the 4th quarter worth approximately $171,000. Finally, Comerica Bank purchased a new position in shares of Gardner Denver in the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.
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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