Brinker Capital Inc. grew its position in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 4.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 37,906 shares of the company’s stock after acquiring an additional 1,451 shares during the quarter. Brinker Capital Inc.’s holdings in Gardner Denver were worth $1,054,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of Gardner Denver by 7.3% during the third quarter. Vanguard Group Inc now owns 9,457,710 shares of the company’s stock valued at $268,031,000 after buying an additional 646,428 shares during the period. Vanguard Group Inc. increased its stake in shares of Gardner Denver by 7.3% during the third quarter. Vanguard Group Inc. now owns 9,457,710 shares of the company’s stock valued at $268,031,000 after buying an additional 646,428 shares during the period. BlackRock Inc. increased its stake in shares of Gardner Denver by 23.1% during the fourth quarter. BlackRock Inc. now owns 5,216,647 shares of the company’s stock valued at $106,680,000 after buying an additional 978,623 shares during the period. Norges Bank purchased a new position in shares of Gardner Denver during the fourth quarter valued at $86,900,000. Finally, Eaton Vance Management increased its stake in shares of Gardner Denver by 5.4% during the fourth quarter. Eaton Vance Management now owns 3,117,343 shares of the company’s stock valued at $63,750,000 after buying an additional 161,100 shares during the period. Hedge funds and other institutional investors own 97.55% of the company’s stock.
Shares of NYSE:GDI traded down $0.22 during trading on Wednesday, hitting $35.67. The stock had a trading volume of 1,549,475 shares, compared to its average volume of 1,685,190. Gardner Denver Holdings Inc has a 12-month low of $18.70 and a 12-month high of $36.22. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 27.65 and a beta of 1.74. The company has a quick ratio of 1.37, a current ratio of 2.27 and a debt-to-equity ratio of 0.93.
Gardner Denver (NYSE:GDI) last announced 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%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. As a group, equities analysts anticipate that Gardner Denver Holdings Inc will post 1.26 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. CIBC reaffirmed a “hold” rating and set a $28.00 price objective on shares of Gardner Denver in a research report on Wednesday, May 15th. Credit Suisse Group raised their price objective on Gardner Denver from $31.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded Gardner Denver from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. TheStreet raised Gardner Denver from a “c” rating to a “b-” rating in a research report on Monday, May 13th. Finally, ValuEngine raised Gardner Denver from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Gardner Denver presently has an average rating of “Buy” and an average price target of $31.56.
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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