William Blair Investment Management LLC lifted its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 11.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,479 shares of the company’s stock after acquiring an additional 3,506 shares during the period. William Blair Investment Management LLC’s holdings in Gardner Denver were worth $977,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of GDI. First Trust Advisors LP bought a new position in Gardner Denver in the 2nd quarter worth approximately $5,762,000. FMR LLC increased its position in Gardner Denver by 103.4% in the 2nd quarter. FMR LLC now owns 13,576,681 shares of the company’s stock worth $399,019,000 after buying an additional 6,901,523 shares during the period. Granahan Investment Management Inc. MA increased its position in Gardner Denver by 7.6% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 183,601 shares of the company’s stock worth $5,396,000 after buying an additional 12,965 shares during the period. Tiverton Asset Management LLC increased its position in Gardner Denver by 6.4% in the 2nd quarter. Tiverton Asset Management LLC now owns 177,032 shares of the company’s stock worth $5,203,000 after buying an additional 10,720 shares during the period. Finally, Peregrine Capital Management LLC increased its position in Gardner Denver by 2.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 998,247 shares of the company’s stock worth $28,290,000 after buying an additional 26,454 shares during the period.
GDI opened at $22.30 on Friday. The company has a market cap of $4.55 billion, a PE ratio of 13.47 and a beta of 0.95. The company has a current ratio of 2.40, a quick ratio of 1.46 and a debt-to-equity ratio of 1.08. Gardner Denver Holdings Inc has a 1 year low of $21.42 and a 1 year high of $38.00.
Gardner Denver (NYSE:GDI) last released its quarterly earnings data on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $689.30 million for the quarter, compared to analysts’ expectations of $707.78 million. Gardner Denver had a return on equity of 22.72% and a net margin of 12.06%. As a group, research analysts predict that Gardner Denver Holdings Inc will post 1.31 earnings per share for the current year.
GDI has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Gardner Denver in a research report on Monday, August 20th. They issued an “equal weight” rating and a $30.00 price target on the stock. ValuEngine downgraded Gardner Denver from a “hold” rating to a “sell” rating in a research report on Thursday, August 23rd. Barclays reaffirmed a “hold” rating and issued a $31.00 price target on shares of Gardner Denver in a research report on Friday, September 7th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $32.00 price target on shares of Gardner Denver in a research report on Monday, October 29th. Finally, Goldman Sachs Group raised Gardner Denver from a “buy” rating to a “conviction-buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $33.15.
In other news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $25.66, for a total transaction of $513,200,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company’s stock.
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Gardner Denver 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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