Gardner Denver (GDI) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Gardner Denver (NYSE:GDI) from a sell rating to a hold rating in a research report released on Monday.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

GDI has been the topic of several other research reports. UBS lifted their price objective on shares of Gardner Denver from $28.00 to $33.00 and gave the stock a buy rating in a research note on Friday, October 27th. Stifel Nicolaus restated a buy rating and set a $28.00 target price on shares of Gardner Denver in a report on Thursday, September 7th. Citigroup restated a buy rating and set a $32.00 target price (up from $28.00) on shares of Gardner Denver in a report on Monday, October 9th. Robert W. Baird restated a buy rating and set a $30.00 target price on shares of Gardner Denver in a report on Wednesday, October 4th. Finally, Tigress Financial restated a buy rating on shares of Gardner Denver in a report on Monday. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $30.60.

Gardner Denver (GDI) opened at $34.43 on Monday. Gardner Denver has a one year low of $19.91 and a one year high of $34.56. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $667,380,758.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.37% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. raised its holdings in shares of Gardner Denver by 145.5% in the third quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock valued at $160,000 after purchasing an additional 3,459 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Gardner Denver by 4.2% in the third quarter. First Trust Advisors LP now owns 151,961 shares of the company’s stock valued at $4,182,000 after purchasing an additional 6,126 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Gardner Denver by 42.8% in the third quarter. Envestnet Asset Management Inc. now owns 23,284 shares of the company’s stock valued at $640,000 after purchasing an additional 6,975 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Gardner Denver in the third quarter valued at approximately $223,000. Finally, State of Wisconsin Investment Board acquired a new stake in shares of Gardner Denver in the third quarter valued at approximately $241,000.

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Gardner Denver Company Profile

Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.

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