Brant Point Investment Management LLC Raises Stake in Gardner Denver Holdings Inc (GDI)

Brant Point Investment Management LLC lifted its position in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 97.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,918 shares of the company’s stock after purchasing an additional 35,000 shares during the quarter. Brant Point Investment Management LLC’s holdings in Gardner Denver were worth $2,010,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. First Trust Advisors LP bought a new stake in Gardner Denver during the second quarter worth $5,762,000. FMR LLC grew its holdings in Gardner Denver by 103.4% during the second quarter. FMR LLC now owns 13,576,681 shares of the company’s stock worth $399,019,000 after buying an additional 6,901,523 shares in the last quarter. Granahan Investment Management Inc. MA grew its holdings in Gardner Denver by 7.6% during the second quarter. Granahan Investment Management Inc. MA now owns 183,601 shares of the company’s stock worth $5,396,000 after buying an additional 12,965 shares in the last quarter. Tiverton Asset Management LLC grew its holdings in Gardner Denver by 6.4% during the second quarter. Tiverton Asset Management LLC now owns 177,032 shares of the company’s stock worth $5,203,000 after buying an additional 10,720 shares in the last quarter. Finally, Peregrine Capital Management LLC grew its holdings in Gardner Denver by 2.7% during the third quarter. Peregrine Capital Management LLC now owns 998,247 shares of the company’s stock worth $28,290,000 after buying an additional 26,454 shares in the last quarter. 98.56% of the stock is currently owned by institutional investors.

In other Gardner Denver news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $25.66, for a total value of $513,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Shares of NYSE:GDI opened at $24.75 on Monday. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 247.50 and a beta of 1.03. The company has a quick ratio of 1.46, a current ratio of 2.40 and a debt-to-equity ratio of 1.08. Gardner Denver Holdings Inc has a 1 year low of $23.33 and a 1 year high of $38.00.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings data on Friday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $689.30 million during the quarter, compared to the consensus estimate of $707.78 million. Gardner Denver had a return on equity of 22.72% and a net margin of 12.06%. On average, equities analysts forecast that Gardner Denver Holdings Inc will post 1.31 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the company. Piper Jaffray Companies set a $35.00 price target on Gardner Denver and gave the stock a “buy” rating in a report on Wednesday, September 26th. Morgan Stanley began 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. TD Securities restated an “average” rating and issued a $24.00 price objective on shares of Gardner Denver in a research note on Thursday, November 8th. ValuEngine downgraded Gardner Denver from a “hold” rating to a “sell” rating in a research note on Thursday, August 23rd. Finally, Citigroup reduced their price objective on Gardner Denver from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $33.08.

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Gardner Denver Company 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.

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Institutional Ownership by Quarter for Gardner Denver (NYSE:GDI)

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