Credit Suisse AG Grows Stake in Gardner Denver Holdings Inc (GDI)

Credit Suisse AG grew its holdings in Gardner Denver Holdings Inc (NYSE:GDI) by 43.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402,625 shares of the company’s stock after purchasing an additional 122,197 shares during the quarter. Credit Suisse AG owned approximately 0.20% of Gardner Denver worth $11,409,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GDI. FMR LLC grew its position 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 valued at $399,019,000 after purchasing an additional 6,901,523 shares during the last quarter. Artisan Partners Limited Partnership grew its position 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 valued at $272,769,000 after purchasing an additional 2,313,078 shares during the last quarter. OppenheimerFunds Inc. grew its position 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 valued at $80,380,000 after purchasing an additional 1,564,257 shares during the last quarter. Wells Fargo & Company MN grew its position 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 valued at $63,868,000 after purchasing an additional 869,139 shares during the last quarter. Finally, BlackRock Inc. grew its position 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 valued at $107,008,000 after purchasing an additional 787,334 shares during the last quarter.

Shares of GDI opened at $22.30 on Friday. 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 company has a market cap of $4.63 billion, a P/E ratio of 223.00 and a beta of 0.95. Gardner Denver Holdings Inc has a 1 year low of $21.42 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 the consensus estimate of $0.48 by $0.01. The business had revenue of $689.30 million for the quarter, compared to the consensus estimate of $707.78 million. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. On average, equities analysts predict that Gardner Denver Holdings Inc will post 1.31 EPS for the current year.

Several analysts have recently commented on GDI shares. Piper Jaffray Companies set a $37.00 price target on shares of Gardner Denver and gave the company a “buy” rating in a research report on Wednesday, August 15th. Morgan Stanley assumed coverage on shares of Gardner Denver in a research note on Monday, August 20th. They set an “equal weight” rating and a $30.00 price objective on the stock. ValuEngine downgraded shares of Gardner Denver from a “hold” rating to a “sell” rating in a research note on Thursday, August 23rd. Barclays reissued a “hold” rating and set a $31.00 price objective on shares of Gardner Denver in a research note on Friday, September 7th. Finally, Zacks Investment Research downgraded shares of Gardner Denver from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $33.15.

In other Gardner Denver news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $25.66, for a total transaction of $513,200,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

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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.

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