Gardner Denver Holdings Inc (NYSE:GDI) Sees Large Increase in Short Interest

Gardner Denver Holdings Inc (NYSE:GDI) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 7,565,200 shares, a growth of 5.5% from the June 30th total of 7,174,000 shares. Currently, 6.0% of the shares of the stock are short sold. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is currently 5.1 days.

Several analysts have recently issued reports on GDI shares. Zacks Investment Research raised Gardner Denver from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. TheStreet raised Gardner Denver from a “c” rating to a “b-” rating in a research report on Monday, May 13th. Stifel Nicolaus cut their target price on Gardner Denver from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. ValuEngine downgraded Gardner Denver from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, UBS Group downgraded Gardner Denver from a “buy” rating to a “neutral” rating and boosted their target price for the company from $31.00 to $38.00 in a research report on Tuesday, May 7th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Gardner Denver presently has an average rating of “Buy” and a consensus price target of $32.50.

A number of institutional investors have recently made changes to their positions in GDI. Capital Investment Advisory Services LLC bought a new position in Gardner Denver in the 2nd quarter valued at $33,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Gardner Denver in the 2nd quarter worth $45,000. Quantamental Technologies LLC lifted its holdings in shares of Gardner Denver by 224.9% in 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. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Gardner Denver by 19.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,285 shares of the company’s stock worth $108,000 after buying an additional 843 shares during the period. Finally, Aperio Group LLC purchased a new stake in shares of Gardner Denver in the 2nd quarter worth $115,000. 97.52% of the stock is currently owned by institutional investors.

Shares of NYSE GDI traded up $0.05 during trading hours on Thursday, hitting $29.44. 1,099,561 shares of the company traded hands, compared to its average volume of 1,574,216. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 22.82 and a beta of 1.36. The company has a current ratio of 2.48, a quick ratio of 1.53 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average price is $32.72 and its 200 day moving average price is $30.55. Gardner Denver has a 12 month low of $18.70 and a 12 month high of $36.22.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.20. The company had revenue of $629.10 million for the quarter, compared to the consensus estimate of $634.46 million. Gardner Denver had a return on equity of 15.17% and a net margin of 9.76%. Gardner Denver’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. Equities analysts anticipate that Gardner Denver will post 0.81 EPS for the current year.

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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