TIAA CREF Investment Management LLC reduced its position in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,246 shares of the company’s stock after selling 200,841 shares during the period. TIAA CREF Investment Management LLC owned 0.14% of Gardner Denver worth $7,772,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Great West Life Assurance Co. Can increased its stake in Gardner Denver by 36.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 8,263 shares of the company’s stock worth $243,000 after buying an additional 2,191 shares in the last quarter. Zions Bancorporation increased its stake in Gardner Denver by 154.5% during the 3rd quarter. Zions Bancorporation now owns 3,659 shares of the company’s stock worth $104,000 after buying an additional 2,221 shares in the last quarter. Macquarie Group Ltd. increased its stake in Gardner Denver by 3.6% during the 2nd quarter. Macquarie Group Ltd. now owns 87,076 shares of the company’s stock worth $2,559,000 after buying an additional 3,005 shares in the last quarter. William Blair Investment Management LLC increased its stake in Gardner Denver by 11.3% during the 3rd quarter. William Blair Investment Management LLC now owns 34,479 shares of the company’s stock worth $977,000 after buying an additional 3,506 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in Gardner Denver during the 3rd quarter worth approximately $130,000.
A number of equities research analysts have recently issued reports on GDI shares. TD Securities restated an “average” rating and issued a $25.00 price target on shares of Gardner Denver in a research report on Monday, December 3rd. Desjardins restated an “average” rating and issued a $23.00 price target on shares of Gardner Denver in a research report on Tuesday, November 13th. Piper Jaffray Companies set a $35.00 price target on Gardner Denver and gave the company a “buy” rating in a research report on Wednesday, September 26th. Citigroup dropped their price target on Gardner Denver from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $32.00 price target on shares of Gardner Denver in a research report on Monday, October 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Gardner Denver has a consensus rating of “Hold” and a consensus target price of $31.85.
In related news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $25.66, for a total value of $513,200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
GDI stock opened at $21.92 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 2.40 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $4.37 billion, a PE ratio of 12.94 and a beta of 1.30. Gardner Denver Holdings Inc has a 1 year low of $18.70 and a 1 year high of $38.00.
Gardner Denver (NYSE:GDI) last issued its quarterly earnings data on Friday, October 26th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $689.30 million during the quarter, compared to analyst estimates of $707.78 million. Gardner Denver had a return on equity of 22.72% and a net margin of 12.06%. Equities research analysts predict that Gardner Denver Holdings Inc will post 1.31 EPS for the current fiscal year.
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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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