State Board of Administration of Florida Retirement System Has $1.51 Million Stake in Gardner Denver Holdings Inc (GDI)
State Board of Administration of Florida Retirement System lifted its holdings in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 34.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,333 shares of the company’s stock after purchasing an additional 13,537 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Gardner Denver were worth $1,511,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in GDI. Bank of Montreal Can acquired a new position in Gardner Denver in the 2nd quarter valued at $107,000. Riverhead Capital Management LLC grew its stake in Gardner Denver by 114.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,443 shares of the company’s stock valued at $189,000 after buying an additional 3,443 shares during the last quarter. Great West Life Assurance Co. Can grew its position in 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 purchasing an additional 2,191 shares during the last quarter. State of Alaska Department of Revenue grew its position in Gardner Denver by 70.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,600 shares of the company’s stock worth $340,000 after purchasing an additional 4,790 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Gardner Denver in the 2nd quarter worth $344,000. Institutional investors own 98.56% of the company’s stock.
Several research firms have issued reports on GDI. ValuEngine upgraded shares of Gardner Denver from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Morgan Stanley upgraded shares of Gardner Denver from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 9th. TD Securities restated an “average” rating and issued a $24.00 price target on shares of Gardner Denver in a research report on Thursday, November 8th. Citigroup decreased their price target on shares of Gardner Denver from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Gardner Denver currently has a consensus rating of “Buy” and an average target price of $33.08.
NYSE GDI opened at $24.25 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.46 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 242.50 and a beta of 1.03. Gardner Denver Holdings Inc has a 52-week low of $23.33 and a 52-week high of $38.00.
Gardner Denver (NYSE:GDI) last posted its quarterly earnings results on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $689.30 million for the quarter, compared to analyst estimates of $707.78 million. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. Research analysts forecast that Gardner Denver Holdings Inc will post 1.31 EPS for the current fiscal year.
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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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