Neuburgh Advisers LLC increased its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,618 shares of the company’s stock after purchasing an additional 1,258 shares during the period. Neuburgh Advisers LLC’s holdings in Gardner Denver were worth $749,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Laurel Wealth Advisors LLC bought a new stake in Gardner Denver during the 4th quarter valued at $47,000. Public Employees Retirement Association of Colorado raised its stake in Gardner Denver by 17.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 4,611 shares of the company’s stock valued at $94,000 after acquiring an additional 688 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in Gardner Denver by 917.2% during the 4th quarter. NumerixS Investment Technologies Inc now owns 6,103 shares of the company’s stock valued at $124,000 after acquiring an additional 5,503 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Gardner Denver during the 3rd quarter valued at $130,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Gardner Denver by 49.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,902 shares of the company’s stock valued at $182,000 after acquiring an additional 2,961 shares in the last quarter. 97.11% of the stock is currently owned by institutional investors and hedge funds.
GDI has been the topic of several recent analyst reports. TD Securities reaffirmed an “average” rating and set a $25.00 target price on shares of Gardner Denver in a research note on Monday, December 3rd. Zacks Investment Research raised Gardner Denver from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Barclays cut their target price on Gardner Denver from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, December 17th. Stifel Nicolaus downgraded Gardner Denver from a “buy” rating to a “hold” rating and cut their target price for the company from $32.00 to $24.00 in a research note on Wednesday, December 19th. Finally, Piper Jaffray Companies set a $29.00 target price on Gardner Denver and gave the company a “buy” rating in a research note on Wednesday, December 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Gardner Denver presently has an average rating of “Hold” and an average target price of $30.77.
Gardner Denver (NYSE:GDI) last issued its quarterly earnings results on Tuesday, February 19th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.12. Gardner Denver had a return on equity of 18.95% and a net margin of 10.02%. The company had revenue of $712.70 million for the quarter, compared to analysts’ expectations of $726.41 million. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, research analysts expect that Gardner Denver Holdings Inc will post 1.32 earnings per share for the current 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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