Zacks Investment Research Upgrades Gardner Denver (GDI) to Hold

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

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. “

Several other equities research analysts have also weighed in on the stock. Stifel Nicolaus upped their target price on shares of Gardner Denver from $30.00 to $34.00 and gave the stock a buy rating in a report on Friday, October 27th. Citigroup reissued a buy rating and set a $32.00 price objective (up previously from $28.00) on shares of Gardner Denver in a report on Monday, October 9th. UBS increased their price objective on shares of Gardner Denver from $28.00 to $33.00 and gave the stock a buy rating in a report on Friday, October 27th. Simmons reissued an overweight rating and set a $31.00 price objective on shares of Gardner Denver in a report on Tuesday, September 26th. Finally, Robert W. Baird reissued a buy rating and set a $30.00 price objective on shares of Gardner Denver in a report on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $30.40.

Shares of Gardner Denver (NYSE GDI) opened at $31.45 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.60 and a debt-to-equity ratio of 1.58. Gardner Denver has a fifty-two week low of $19.91 and a fifty-two week high of $32.75.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the stock in a transaction dated 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 document filed with the SEC, which is accessible through this link.

Several hedge funds and other institutional investors have recently modified their holdings of GDI. NGAM Advisors L.P. bought a new position in shares of Gardner Denver in the 2nd quarter valued at about $302,000. Sei Investments Co. bought a new position in shares of Gardner Denver in the 2nd quarter valued at about $622,000. TD Asset Management Inc. bought a new position in shares of Gardner Denver in the 2nd quarter valued at about $2,184,000. Pioneer Investment Management Inc. bought a new position in shares of Gardner Denver in the 2nd quarter valued at about $9,249,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Gardner Denver in the 2nd quarter valued at about $3,491,000.

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About Gardner Denver

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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