Broadview Advisors LLC grew its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 35.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,050 shares of the company’s stock after purchasing an additional 70,200 shares during the quarter. Broadview Advisors LLC owned approximately 0.14% of Gardner Denver worth $7,653,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC raised its position in shares of Gardner Denver by 103.4% in the second quarter. FMR LLC now owns 13,576,681 shares of the company’s stock valued at $399,019,000 after purchasing an additional 6,901,523 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Gardner Denver by 33.2% in the second quarter. Artisan Partners Limited Partnership now owns 9,281,012 shares of the company’s stock valued at $272,769,000 after acquiring an additional 2,313,078 shares in the last quarter. BlackRock Inc. grew its stake in shares of Gardner Denver by 16.4% in the third quarter. BlackRock Inc. now owns 4,238,024 shares of the company’s stock valued at $120,107,000 after acquiring an additional 597,115 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Gardner Denver by 133.6% in the second quarter. OppenheimerFunds Inc. now owns 2,734,973 shares of the company’s stock valued at $80,380,000 after acquiring an additional 1,564,257 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Gardner Denver by 10.2% in the third quarter. Wells Fargo & Company MN now owns 2,394,543 shares of the company’s stock valued at $67,862,000 after acquiring an additional 221,444 shares in the last quarter. 98.56% of the stock is currently owned by institutional investors.
Several research firms recently commented on GDI. Piper Jaffray Companies set a $37.00 price target on shares of Gardner Denver and gave the company a “buy” rating in a research note on Wednesday, August 15th. TD Securities restated an “average” rating and issued a $24.00 price target on shares of Gardner Denver in a research note on Thursday, November 8th. Desjardins restated an “average” rating and issued a $23.00 price target on shares of Gardner Denver in a research note on Tuesday, November 13th. ValuEngine upgraded shares of Gardner Denver from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Morgan Stanley upgraded shares of Gardner Denver from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $33.08.
Gardner Denver (NYSE:GDI) last announced its quarterly earnings data on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $689.30 million for the quarter, compared to the consensus estimate of $707.78 million. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. On average, analysts predict that Gardner Denver Holdings Inc will post 1.31 EPS for the current fiscal year.
In other Gardner Denver news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $25.66, for a total transaction of $513,200,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
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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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