Massachusetts Financial Services Co. MA trimmed its position in Gardner Denver Holdings, Inc. (NYSE:GDI) by 16.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 946,096 shares of the company’s stock after selling 180,511 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.48% of Gardner Denver worth $29,026,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Gardner Denver by 123.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the company’s stock valued at $147,000 after buying an additional 2,650 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in Gardner Denver by 50.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,850 shares of the company’s stock valued at $165,000 after buying an additional 1,620 shares in the last quarter. SG Americas Securities LLC bought a new stake in Gardner Denver in the 4th quarter valued at about $171,000. State of Alaska Department of Revenue bought a new stake in Gardner Denver in the 4th quarter valued at about $176,000. Finally, Comerica Bank bought a new stake in Gardner Denver in the 4th quarter valued at about $208,000. 99.77% of the stock is owned by institutional investors and hedge funds.
In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 30,436,064 shares of Gardner Denver stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $29.84, for a total transaction of $908,212,149.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.
A number of analysts recently commented on the company. Zacks Investment Research raised Gardner Denver from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research report on Wednesday, May 2nd. ValuEngine raised Gardner Denver from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Citigroup boosted their target price on Gardner Denver from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 30th. Barclays reaffirmed an “equal weight” rating and issued a $33.00 target price (down from $35.00) on shares of Gardner Denver in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $38.00 target price (down from $41.00) on shares of Gardner Denver in a research report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $33.25.
Gardner Denver opened at $34.30 on Friday, Marketbeat Ratings reports. The stock has a market cap of $6.69 billion and a price-to-earnings ratio of 30.13. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.48 and a quick ratio of 1.55. Gardner Denver Holdings, Inc. has a 52-week low of $33.50 and a 52-week high of $33.98.
Gardner Denver (NYSE:GDI) last released its quarterly earnings results on Friday, April 27th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.23. The business had revenue of $619.60 million during the quarter, compared to the consensus estimate of $570.06 million. Gardner Denver had a return on equity of 17.57% and a net margin of 2.70%. analysts forecast that Gardner Denver Holdings, Inc. will post 1.32 EPS for the current year.
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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