Signition LP Acquires 13,065 Shares of Gardner Denver Holdings Inc (GDI)

Signition LP grew its holdings in Gardner Denver Holdings Inc (NYSE:GDI) by 25.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,215 shares of the company’s stock after acquiring an additional 13,065 shares during the period. Gardner Denver comprises 0.9% of Signition LP’s holdings, making the stock its 29th biggest position. Signition LP’s holdings in Gardner Denver were worth $1,848,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Gardner Denver by 103.4% in the 2nd quarter. FMR LLC now owns 13,576,681 shares of the company’s stock valued at $399,019,000 after acquiring an additional 6,901,523 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Gardner Denver by 33.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 9,281,012 shares of the company’s stock valued at $272,769,000 after acquiring an additional 2,313,078 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Gardner Denver by 27.6% in the 2nd quarter. BlackRock Inc. now owns 3,640,909 shares of the company’s stock valued at $107,008,000 after acquiring an additional 787,334 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Gardner Denver by 133.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,734,973 shares of the company’s stock valued at $80,380,000 after acquiring an additional 1,564,257 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Gardner Denver by 66.7% in the 2nd quarter. Wells Fargo & Company MN now owns 2,173,099 shares of the company’s stock valued at $63,868,000 after acquiring an additional 869,139 shares during the last quarter.

Several analysts have recently commented on the stock. MED assumed coverage on shares of Gardner Denver in a report on Wednesday, July 11th. They issued a “buy” rating and a $36.00 price objective on the stock. ValuEngine raised shares of Gardner Denver from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Piper Jaffray Companies set a $35.00 price target on shares of Gardner Denver and gave the stock a “buy” rating in a report on Wednesday, September 26th. Morgan Stanley started coverage on shares of Gardner Denver in a report on Monday, August 20th. They set an “equal weight” rating and a $30.00 price target on the stock. Finally, Deutsche Bank reissued a “hold” rating and set a $32.00 price target on shares of Gardner Denver in a report on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.82.

Shares of NYSE GDI opened at $26.00 on Friday. Gardner Denver Holdings Inc has a 1 year low of $23.33 and a 1 year high of $38.00. The firm has a market cap of $5.29 billion, a P/E ratio of 260.00 and a beta of 1.23. The company has a current ratio of 2.40, a quick ratio of 1.56 and a debt-to-equity ratio of 1.08.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings results on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. The firm had revenue of $689.30 million for the quarter, compared to the consensus estimate of $707.78 million. On average, research analysts anticipate that Gardner Denver Holdings Inc will post 1.31 EPS for the current year.

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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