Gardner Denver Holdings Inc (GDI) Position Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 20,868.0% during the second quarter, Holdings Channel reports. The fund owned 53,049 shares of the company’s stock after acquiring an additional 52,796 shares during the quarter. Russell Investments Group Ltd.’s holdings in Gardner Denver were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can acquired a new position in shares of Gardner Denver during the 2nd quarter worth approximately $107,000. US Bancorp DE increased its holdings in shares of Gardner Denver by 341.2% during the 1st quarter. US Bancorp DE now owns 5,210 shares of the company’s stock worth $160,000 after acquiring an additional 4,029 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Gardner Denver by 38.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,229 shares of the company’s stock worth $253,000 after acquiring an additional 2,286 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Gardner Denver by 70.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,600 shares of the company’s stock worth $340,000 after acquiring an additional 4,790 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Gardner Denver during the 2nd quarter worth approximately $344,000.

A number of research analysts recently weighed in on the company. Johnson Rice raised Gardner Denver from an “accumulate” rating to a “buy” rating in a report on Friday, June 15th. Zacks Investment Research lowered Gardner Denver from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. MED assumed coverage on Gardner Denver in a report on Wednesday, July 11th. They set a “buy” rating and a $36.00 target price on the stock. Citigroup decreased their target price on Gardner Denver from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, June 25th. Finally, ValuEngine raised Gardner Denver from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Gardner Denver has a consensus rating of “Hold” and an average target price of $35.55.

GDI opened at $28.04 on Friday. The firm has a market capitalization of $5.80 billion, a P/E ratio of 280.40 and a beta of 1.23. Gardner Denver Holdings Inc has a 1 year low of $24.35 and a 1 year high of $38.00. The company has a quick ratio of 1.56, a current ratio of 2.53 and a debt-to-equity ratio of 1.21.

Gardner Denver (NYSE:GDI) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business 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%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. research analysts expect that Gardner Denver Holdings Inc will post 1.38 EPS for the current fiscal year.

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

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