Bank of America Corp DE boosted its position in Gardner Denver Holdings Inc (NYSE:GDI) by 144.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 416,970 shares of the company’s stock after acquiring an additional 246,211 shares during the period. Bank of America Corp DE owned 0.21% of Gardner Denver worth $12,254,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. FMR LLC raised its stake in shares of Gardner Denver by 103.4% in the second quarter. FMR LLC now owns 13,576,681 shares of the company’s stock worth $399,019,000 after purchasing an additional 6,901,523 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Gardner Denver by 33.2% in the second quarter. Artisan Partners Limited Partnership now owns 9,281,012 shares of the company’s stock worth $272,769,000 after purchasing an additional 2,313,078 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Gardner Denver by 133.6% in the second quarter. OppenheimerFunds Inc. now owns 2,734,973 shares of the company’s stock worth $80,380,000 after purchasing an additional 1,564,257 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Gardner Denver by 66.7% in the second quarter. Wells Fargo & Company MN now owns 2,173,099 shares of the company’s stock worth $63,868,000 after purchasing an additional 869,139 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Gardner Denver by 27.6% in the second quarter. BlackRock Inc. now owns 3,640,909 shares of the company’s stock worth $107,008,000 after purchasing an additional 787,334 shares during the last quarter.
Shares of GDI opened at $25.76 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.53 and a quick ratio of 1.56. The company has a market cap of $5.64 billion, a P/E ratio of 259.20 and a beta of 1.23. Gardner Denver Holdings Inc has a 12 month low of $24.35 and a 12 month high of $38.00.
Gardner Denver (NYSE:GDI) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. The company had revenue of $668.20 million during the quarter, compared to the consensus estimate of $668.92 million. Gardner Denver had a return on equity of 24.52% and a net margin of 10.55%. Gardner Denver’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that Gardner Denver Holdings Inc will post 1.38 EPS for the current year.
Several analysts have recently commented on the company. Zacks Investment Research downgraded Gardner Denver from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Deutsche Bank reissued a “hold” rating and issued a $32.00 price objective on shares of Gardner Denver in a research note on Thursday, July 12th. ValuEngine raised Gardner Denver from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Piper Jaffray Companies set a $37.00 price objective on Gardner Denver and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Finally, Morgan Stanley assumed coverage on Gardner Denver in a research note on Monday, August 20th. They issued an “equal weight” rating and a $30.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.10.
Gardner Denver 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.
Featured Article: What is a Leveraged Buyout (LBO)?
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.