Zacks Investment Research Downgrades Gardner Denver (GDI) to Hold

Gardner Denver (NYSE:GDI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus raised their target price on shares of Gardner Denver from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Citigroup raised their target price on shares of Gardner Denver to $36.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Tigress Financial reissued a “buy” rating on shares of Gardner Denver in a research note on Monday, December 18th. UBS Group raised their target price on shares of Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Simmons reissued an “overweight” rating and set a $31.00 target price on shares of Gardner Denver in a research note on Tuesday, September 26th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Gardner Denver has a consensus rating of “Buy” and an average price target of $31.70.

Gardner Denver (NYSE:GDI) traded up $0.72 during mid-day trading on Friday, hitting $35.92. 518,520 shares of the company were exchanged, compared to its average volume of 426,427. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.60 and a current ratio of 2.51. Gardner Denver has a 1-year low of $19.91 and a 1-year high of $36.08.

Gardner Denver (NYSE:GDI) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.04. research analysts forecast that Gardner Denver will post -0.21 earnings per share for the current fiscal year.

In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $667,380,758.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Gardner Denver during the 4th quarter valued at about $176,000. Advisor Group Inc. boosted its position in shares of Gardner Denver by 145.5% during the 3rd quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock valued at $160,000 after purchasing an additional 3,459 shares in the last quarter. Amalgamated Bank bought a new position in shares of Gardner Denver during the 3rd quarter valued at about $223,000. State of Wisconsin Investment Board bought a new position in shares of Gardner Denver during the 3rd quarter valued at about $241,000. Finally, Pacer Advisors Inc. bought a new position in shares of Gardner Denver during the 3rd quarter valued at about $250,000.

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About Gardner Denver

Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.

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