Gardner Denver (NYSE:GDI) Shares Down 1.3%

Gardner Denver Holdings Inc (NYSE:GDI) was down 1.3% during mid-day trading on Friday . The company traded as low as $32.88 and last traded at $33.03. Approximately 17,218 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 1,477,610 shares. The stock had previously closed at $33.48.

A number of brokerages have recently commented on GDI. Credit Suisse Group raised their price target on Gardner Denver from $31.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Piper Jaffray Companies reissued a “buy” rating and set a $34.00 price target on shares of Gardner Denver in a report on Wednesday, February 20th. ValuEngine lowered Gardner Denver from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Robert W. Baird reissued a “buy” rating and set a $32.00 price target on shares of Gardner Denver in a report on Wednesday, February 20th. Finally, UBS Group lowered Gardner Denver from a “buy” rating to a “neutral” rating and raised their price target for the company from $31.00 to $38.00 in a report on Tuesday, May 7th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Gardner Denver has an average rating of “Buy” and an average target price of $31.56.

The firm has a market capitalization of $6.68 billion, a PE ratio of 25.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.27 and a quick ratio of 1.37.

Gardner Denver (NYSE:GDI) last released its earnings results on Tuesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.18. The firm had revenue of $620.30 million for the quarter, compared to analyst estimates of $600.92 million. Gardner Denver had a return on equity of 16.60% and a net margin of 10.19%. Gardner Denver’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, research analysts predict that Gardner Denver Holdings Inc will post 1.26 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in GDI. Laurel Wealth Advisors LLC purchased a new position in Gardner Denver in the 4th quarter worth about $47,000. American International Group Inc. increased its stake in Gardner Denver by 19.4% in the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock worth $52,000 after purchasing an additional 414 shares in the last quarter. Quantamental Technologies LLC increased its stake in Gardner Denver by 224.9% in the 1st quarter. Quantamental Technologies LLC now owns 2,599 shares of the company’s stock worth $72,000 after purchasing an additional 1,799 shares in the last quarter. Cresset Asset Management LLC purchased a new position in Gardner Denver in the 1st quarter worth about $79,000. Finally, Public Employees Retirement Association of Colorado increased its stake in Gardner Denver by 17.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 4,611 shares of the company’s stock worth $94,000 after purchasing an additional 688 shares in the last quarter. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2019/06/14/gardner-denver-nysegdi-shares-down-1-3.html.

About Gardner Denver (NYSE:GDI)

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.

Recommended Story: NASDAQ Stock Market Explained

Receive News & Ratings for Gardner Denver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gardner Denver and related companies with MarketBeat.com's FREE daily email newsletter.