Gardner Denver Holdings Inc (GDI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Gardner Denver Holdings Inc (NYSE:GDI) by 49.8% in the 4th quarter, HoldingsChannel reports. The fund owned 8,902 shares of the company’s stock after purchasing an additional 2,961 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Gardner Denver were worth $182,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GDI. Zions Bancorporation raised its stake in shares of Gardner Denver by 154.5% during the 3rd quarter. Zions Bancorporation now owns 3,659 shares of the company’s stock worth $104,000 after purchasing an additional 2,221 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Gardner Denver during the 3rd quarter worth about $130,000. Hartford Investment Management Co. purchased a new stake in shares of Gardner Denver during the 3rd quarter worth about $204,000. Janney Montgomery Scott LLC purchased a new stake in shares of Gardner Denver during the 3rd quarter worth about $210,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Gardner Denver during the 4th quarter worth about $255,000.

Shares of NYSE GDI traded up $0.56 during mid-day trading on Wednesday, reaching $25.19. 18,507 shares of the company traded hands, compared to its average volume of 1,444,190. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.46 and a current ratio of 2.40. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 252.40 and a beta of 1.57. Gardner Denver Holdings Inc has a fifty-two week low of $18.70 and a fifty-two week high of $35.28.

A number of research firms have recently weighed in on GDI. Zacks Investment Research downgraded Gardner Denver from a “hold” rating to a “sell” rating in a research note on Friday, December 28th. Stifel Nicolaus downgraded Gardner Denver from a “buy” rating to a “hold” rating and cut their price target for the stock from $32.00 to $24.00 in a research note on Wednesday, December 19th. Morgan Stanley raised Gardner Denver from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 9th. TD Securities reaffirmed an “average” rating and set a $24.00 price target on shares of Gardner Denver in a research note on Thursday, November 8th. Finally, Citigroup cut their price target on Gardner Denver from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $30.17.

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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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