Gamco Investors INC. ET AL boosted its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 3.9% during the 2nd quarter, Holdings Channel reports. The firm owned 328,400 shares of the company’s stock after buying an additional 12,200 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Gardner Denver were worth $11,363,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Quantamental Technologies LLC lifted 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. Metropolitan Life Insurance Co. NY lifted its stake in Gardner Denver by 19.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,285 shares of the company’s stock worth $108,000 after purchasing an additional 843 shares in the last quarter. Aperio Group LLC purchased a new stake in Gardner Denver in the 2nd quarter worth $115,000. FNY Investment Advisers LLC purchased a new stake in Gardner Denver in the 2nd quarter worth $138,000. Finally, Machina Capital S.A.S. raised its position in shares of Gardner Denver by 270.1% during the 2nd quarter. Machina Capital S.A.S. now owns 5,315 shares of the company’s stock valued at $184,000 after buying an additional 3,879 shares in the last quarter. Institutional investors and hedge funds own 99.44% of the company’s stock.
Shares of NYSE GDI traded down $0.65 during mid-day trading on Tuesday, hitting $29.60. 3,920 shares of the company’s stock traded hands, compared to its average volume of 1,640,508. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.48 and a quick ratio of 1.53. Gardner Denver Holdings Inc has a 1 year low of $18.70 and a 1 year high of $36.22. The company has a market capitalization of $6.12 billion, a P/E ratio of 23.10 and a beta of 1.36. The company’s 50-day moving average is $32.36 and its two-hundred day moving average is $30.54.
Gardner Denver (NYSE:GDI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.20. Gardner Denver had a net margin of 9.76% and a return on equity of 15.17%. The company had revenue of $629.10 million for the quarter, compared to analyst estimates of $634.46 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities analysts anticipate that Gardner Denver Holdings Inc will post 0.81 EPS for the current fiscal year.
Several brokerages have recently issued reports on GDI. Stifel Nicolaus decreased their target price on shares of Gardner Denver from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. Morgan Stanley decreased their target price on shares of Gardner Denver from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. TheStreet upgraded shares of Gardner Denver from a “c” rating to a “b-” rating in a research report on Monday, May 13th. Zacks Investment Research upgraded shares of Gardner Denver from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Credit Suisse Group upped their target price on shares of Gardner Denver from $31.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $32.50.
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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