Palisade Asset Management LLC purchased a new stake in Gardner Denver Holdings Inc (NYSE:GDI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,800 shares of the company’s stock, valued at approximately $634,000.
Other large investors have also recently modified their holdings of the company. UBS Oconnor LLC purchased a new stake in shares of Gardner Denver in the 4th quarter valued at approximately $2,203,000. Legal & General Group Plc lifted its position in shares of Gardner Denver by 36.4% in the 3rd quarter. Legal & General Group Plc now owns 55,355 shares of the company’s stock valued at $1,568,000 after acquiring an additional 14,787 shares in the last quarter. LGT Capital Partners LTD. purchased a new stake in shares of Gardner Denver in the 4th quarter valued at approximately $1,247,000. American International Group Inc. lifted its position in shares of Gardner Denver by 19.4% in the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock valued at $52,000 after acquiring an additional 414 shares in the last quarter. Finally, Olstein Capital Management L.P. increased its stake in Gardner Denver by 25.6% in the 4th quarter. Olstein Capital Management L.P. now owns 382,000 shares of the company’s stock valued at $7,812,000 after buying an additional 77,750 shares during the period. Institutional investors and hedge funds own 98.37% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, April 1st. ValuEngine upgraded shares of Gardner Denver from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 price objective on shares of Gardner Denver in a research note on Wednesday, February 20th. Piper Jaffray Companies reiterated a “buy” rating and issued a $34.00 price objective on shares of Gardner Denver in a research note on Wednesday, February 20th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $32.00 price objective on shares of Gardner Denver in a research note on Wednesday, February 20th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $30.38.
Shares of GDI traded down $0.46 during mid-day trading on Monday, hitting $27.27. 1,444,500 shares of the company’s stock were exchanged, compared to its average volume of 1,382,847. Gardner Denver Holdings Inc has a twelve month low of $18.70 and a twelve month high of $35.28. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 21.14 and a beta of 1.60. The company has a quick ratio of 1.35, a current ratio of 2.23 and a debt-to-equity ratio of 0.99.
Gardner Denver (NYSE:GDI) last announced its quarterly earnings results on Tuesday, February 19th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.12. Gardner Denver had a net margin of 10.02% and a return on equity of 18.95%. The company had revenue of $712.70 million for the quarter, compared to analyst estimates of $726.41 million. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, research analysts predict that Gardner Denver Holdings Inc will post 1.32 earnings per share for the current fiscal year.
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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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