Gardner Denver (GDI) Upgraded at Zacks Investment Research

Gardner Denver (NYSE:GDI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $37.00 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 16.54% from the company’s previous close.

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. “

Other equities research analysts have also recently issued reports about the company. UBS Group lifted their price objective on Gardner Denver from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus boosted their price target on Gardner Denver from $30.00 to $34.00 and gave the company a “buy” rating in a report on Friday, October 27th. Johnson Rice assumed coverage on Gardner Denver in a report on Tuesday, January 30th. They issued an “accumulate” rating and a $40.00 price target on the stock. Citigroup boosted their price target on Gardner Denver to $36.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Tigress Financial restated a “buy” rating on shares of Gardner Denver in a report on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Gardner Denver currently has a consensus rating of “Buy” and a consensus price target of $33.09.

Gardner Denver (GDI) traded up $0.18 during midday trading on Thursday, hitting $31.75. The stock had a trading volume of 1,101,064 shares, compared to its average volume of 633,534. Gardner Denver has a one year low of $19.91 and a one year high of $38.00. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58.

In related news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was 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 SEC, which is available at this hyperlink. Corporate insiders own 1.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System increased its position in Gardner Denver by 11.0% during the fourth quarter. California Public Employees Retirement System now owns 22,200 shares of the company’s stock worth $753,000 after buying an additional 2,200 shares during the last quarter. Advisor Group Inc. grew its position in shares of Gardner Denver by 145.5% in the third 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 during the last quarter. State of Wisconsin Investment Board grew its position in shares of Gardner Denver by 52.7% in the fourth quarter. State of Wisconsin Investment Board now owns 13,387 shares of the company’s stock valued at $454,000 after purchasing an additional 4,618 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Gardner Denver in the fourth quarter valued at approximately $171,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Gardner Denver in the fourth quarter valued at approximately $176,000.

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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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