BTG Pactual Global Asset Management Ltd acquired a new position in Gardner Denver Holdings Inc (NYSE:GDI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 175,000 shares of the company’s stock, valued at approximately $5,143,000. Gardner Denver accounts for approximately 1.5% of BTG Pactual Global Asset Management Ltd’s portfolio, making the stock its 26th biggest position.
Several other hedge funds have also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its position in shares of Gardner Denver by 8.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,310 shares of the company’s stock worth $744,000 after acquiring an additional 2,007 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Gardner Denver by 36.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 8,263 shares of the company’s stock worth $243,000 after acquiring an additional 2,191 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Gardner Denver by 38.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 8,229 shares of the company’s stock worth $253,000 after acquiring an additional 2,286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Gardner Denver by 123.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the company’s stock worth $147,000 after acquiring an additional 2,650 shares during the period. Finally, Amalgamated Bank lifted its position in shares of Gardner Denver by 21.5% in the 1st quarter. Amalgamated Bank now owns 15,774 shares of the company’s stock worth $484,000 after acquiring an additional 2,790 shares during the period. Institutional investors own 98.62% of the company’s stock.
Gardner Denver stock opened at $26.99 on Thursday. The company has a quick ratio of 1.56, a current ratio of 2.53 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.57 billion, a P/E ratio of 16.16 and a beta of 1.23. Gardner Denver Holdings Inc has a one year low of $22.92 and a one year 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 Thomson Reuters’ consensus estimate of $0.41 by $0.03. Gardner Denver had a return on equity of 24.52% and a net margin of 10.55%. The firm had revenue of $668.20 million during the quarter, compared to the consensus estimate of $668.92 million. The company’s revenue was up 15.4% on a year-over-year basis. equities research analysts forecast that Gardner Denver Holdings Inc will post 1.38 EPS for the current fiscal year.
A number of brokerages have commented on GDI. Zacks Investment Research downgraded Gardner Denver from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Deutsche Bank restated a “hold” rating and set a $32.00 target price on shares of Gardner Denver in a research report on Thursday, July 12th. ValuEngine upgraded Gardner Denver from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Piper Jaffray Companies set a $37.00 target price on Gardner Denver and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Finally, Morgan Stanley started coverage on Gardner Denver in a research report on Monday, August 20th. They set an “equal weight” rating and a $30.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.50.
About Gardner Denver
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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