Gardner Denver Holdings Inc (GDI) Stake Decreased by Fmr LLC

Fmr LLC cut its position in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 33.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,000,489 shares of the company’s stock after selling 4,534,025 shares during the quarter. Fmr LLC owned about 4.53% of Gardner Denver worth $255,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its position in shares of Gardner Denver by 8.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 25,310 shares of the company’s stock worth $744,000 after buying an additional 2,007 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Gardner Denver by 36.1% during the second quarter. Great West Life Assurance Co. Can now owns 8,263 shares of the company’s stock worth $243,000 after buying an additional 2,191 shares during the period. Zions Bancorporation increased its position in shares of Gardner Denver by 154.5% during the third quarter. Zions Bancorporation now owns 3,659 shares of the company’s stock worth $104,000 after buying an additional 2,221 shares during the period. Macquarie Group Ltd. boosted its stake in Gardner Denver by 3.6% during the second quarter. Macquarie Group Ltd. now owns 87,076 shares of the company’s stock worth $2,559,000 after acquiring an additional 3,005 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in Gardner Denver by 114.8% during the second quarter. Riverhead Capital Management LLC now owns 6,443 shares of the company’s stock worth $189,000 after acquiring an additional 3,443 shares in the last quarter.

In other Gardner Denver news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $25.66, for a total value of $513,200,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

Several research analysts recently issued reports on GDI shares. Desjardins reissued an “average” rating and set a $23.00 target price on shares of Gardner Denver in a research note on Tuesday, November 13th. TD Securities reissued an “average” rating and set a $24.00 target price on shares of Gardner Denver in a research note on Thursday, November 8th. Citigroup cut their target price on shares of Gardner Denver from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Stifel Nicolaus reissued a “buy” rating and set a $32.00 target price on shares of Gardner Denver in a research note on Monday, October 29th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $32.00 target price on shares of Gardner Denver in a research note on Monday, October 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Gardner Denver currently has an average rating of “Buy” and an average target price of $33.15.

Shares of NYSE GDI opened at $25.37 on Tuesday. The firm has a market cap of $4.92 billion, a P/E ratio of 253.70 and a beta of 0.97. Gardner Denver Holdings Inc has a 12-month low of $23.33 and a 12-month high of $38.00. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.46 and a current ratio of 2.40.

Gardner Denver (NYSE:GDI) last released its quarterly earnings data on Friday, October 26th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. The firm had revenue of $689.30 million for the quarter, compared to analyst estimates of $707.78 million. Equities research analysts predict that Gardner Denver Holdings Inc will post 1.31 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Gardner Denver (NYSE:GDI)

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