Several other analysts have also commented on the company. Morgan Stanley initiated coverage on Gardner Denver in a report on Monday, August 20th. They issued an equal weight rating and a $30.00 price objective on the stock. ValuEngine lowered Gardner Denver from a hold rating to a sell rating in a report on Thursday, August 23rd. Barclays reissued a hold rating and issued a $31.00 price objective on shares of Gardner Denver in a report on Friday, September 7th. Piper Jaffray Companies reissued a buy rating and issued a $32.00 price objective on shares of Gardner Denver in a report on Monday, October 29th. Finally, Goldman Sachs Group raised Gardner Denver from a buy rating to a conviction-buy rating and set a $34.00 price objective on the stock in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $33.15.
Shares of GDI stock opened at $22.90 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.40 and a quick ratio of 1.46. The company has a market cap of $4.63 billion, a P/E ratio of 228.90 and a beta of 0.95. Gardner Denver has a twelve month low of $21.42 and a twelve month high of $38.00.
In other Gardner Denver news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $25.66, for a total value of $513,200,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of GDI. FMR LLC boosted its stake 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 worth $399,019,000 after acquiring an additional 6,901,523 shares during the last quarter. Artisan Partners Limited Partnership boosted 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 worth $272,769,000 after acquiring an additional 2,313,078 shares during the last quarter. Eaton Vance Management boosted its stake in shares of Gardner Denver by 129.1% in the third quarter. Eaton Vance Management now owns 2,956,243 shares of the company’s stock worth $83,780,000 after acquiring an additional 1,665,914 shares during the last quarter. OppenheimerFunds Inc. boosted 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 worth $80,380,000 after acquiring an additional 1,564,257 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Gardner Denver by 66.7% in the second quarter. Wells Fargo & Company MN now owns 2,173,099 shares of the company’s stock worth $63,868,000 after acquiring an additional 869,139 shares during the last quarter.
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.
Further Reading: Stock Symbols and CUSIP Explained
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