Brown Advisory Inc. bought a new stake in shares of Gardner Denver Holdings Inc (NYSE:GDI) in the second quarter, Holdings Channel reports. The institutional investor bought 103,273 shares of the company’s stock, valued at approximately $3,035,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GDI. Rhumbline Advisers grew its position in shares of Gardner Denver by 13.2% during the 1st quarter. Rhumbline Advisers now owns 69,073 shares of the company’s stock worth $2,119,000 after buying an additional 8,045 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Gardner Denver by 18.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 208,700 shares of the company’s stock worth $6,284,000 after buying an additional 32,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Gardner Denver by 123.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the company’s stock worth $147,000 after buying an additional 2,650 shares during the period. Trexquant Investment LP acquired a new stake in shares of Gardner Denver during the 1st quarter worth approximately $1,026,000. Finally, American Century Companies Inc. acquired a new stake in shares of Gardner Denver during the 1st quarter worth approximately $5,347,000. 98.62% of the stock is owned by institutional investors and hedge funds.
GDI has been the subject of several analyst reports. Piper Jaffray Companies set a $37.00 price target on shares of Gardner Denver and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Citigroup lowered their price target on shares of Gardner Denver from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, June 25th. Johnson Rice upgraded shares of Gardner Denver from an “accumulate” rating to a “buy” rating in a research report on Friday, June 15th. MED initiated coverage on shares of Gardner Denver in a research report on Wednesday, July 11th. They set a “buy” rating and a $36.00 price target for the company. Finally, Morgan Stanley initiated coverage on shares of Gardner Denver in a research report on Monday, August 20th. They set an “equal weight” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.50.
Shares of NYSE GDI opened at $26.99 on Thursday. The company has a market cap of $5.57 billion, a P/E ratio of 269.90 and a beta of 1.26. The company has a quick ratio of 1.56, a current ratio of 2.53 and a debt-to-equity ratio of 1.21. Gardner Denver Holdings Inc has a 52-week low of $22.92 and a 52-week high of $38.00.
Gardner Denver (NYSE:GDI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. The firm had revenue of $668.20 million during the quarter, compared to analysts’ expectations of $668.92 million. Gardner Denver had a net margin of 10.55% and a return on equity of 24.52%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. equities research analysts predict that Gardner Denver Holdings Inc will post 1.38 earnings per share 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.
Read More: Trading Strategy
Want to see what other hedge funds are holding GDI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gardner Denver Holdings Inc (NYSE:GDI).
Receive News & Ratings for Gardner Denver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gardner Denver and related companies with MarketBeat.com's FREE daily email newsletter.