Stevens Capital Management LP Decreases Position in Gardner Denver Holdings Inc (GDI)

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Stevens Capital Management LP cut its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 51.6% in the first quarter, HoldingsChannel.com reports. The fund owned 31,515 shares of the company’s stock after selling 33,597 shares during the period. Stevens Capital Management LP’s holdings in Gardner Denver were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in GDI. Laurel Wealth Advisors LLC acquired a new position in shares of Gardner Denver during the 4th quarter worth approximately $47,000. American International Group Inc. raised its stake in shares of Gardner Denver by 19.4% during the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock worth $52,000 after buying an additional 414 shares during the period. Quantamental Technologies LLC raised its stake in shares of Gardner Denver by 224.9% during the 1st quarter. Quantamental Technologies LLC now owns 2,599 shares of the company’s stock worth $72,000 after buying an additional 1,799 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of Gardner Denver by 17.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 4,611 shares of the company’s stock worth $94,000 after buying an additional 688 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Gardner Denver by 19.0% during the fourth 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. 97.55% of the stock is owned by institutional investors.

GDI has been the subject of several analyst reports. Zacks Investment Research cut Gardner Denver from a “hold” rating to a “sell” rating in a report on Monday, January 21st. BTIG Research assumed coverage on Gardner Denver in a report on Friday, January 25th. They set a “buy” rating and a $30.00 price target for the company. ValuEngine upgraded Gardner Denver from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Robert W. Baird reissued a “buy” rating and set a $32.00 target price on shares of Gardner Denver in a research note on Wednesday, February 20th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $34.00 price objective on shares of Gardner Denver in a report on Wednesday, February 20th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $31.56.

GDI opened at $34.46 on Thursday. The company has a quick ratio of 1.37, a current ratio of 2.27 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7.12 billion, a PE ratio of 26.71 and a beta of 1.74. Gardner Denver Holdings Inc has a 12 month low of $18.70 and a 12 month high of $36.16.

Gardner Denver (NYSE:GDI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.18. The firm had revenue of $620.30 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, research analysts forecast that Gardner Denver Holdings Inc will post 1.26 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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Institutional Ownership by Quarter for Gardner Denver (NYSE:GDI)

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