Sterling Capital Management LLC increased its stake in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 47.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,236 shares of the company’s stock after purchasing an additional 35,163 shares during the period. Sterling Capital Management LLC owned approximately 0.06% of Gardner Denver worth $3,706,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Gotham Asset Management LLC acquired a new stake in shares of Gardner Denver during the fourth quarter worth $412,000. Castleark Management LLC acquired a new stake in shares of Gardner Denver during the fourth quarter worth $4,498,000. Metropolitan Life Insurance Co. NY grew its stake in shares of Gardner Denver by 50.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,850 shares of the company’s stock worth $165,000 after purchasing an additional 1,620 shares during the period. Macquarie Group Ltd. grew its stake in shares of Gardner Denver by 23.3% during the fourth quarter. Macquarie Group Ltd. now owns 95,405 shares of the company’s stock worth $3,237,000 after purchasing an additional 18,035 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Gardner Denver during the fourth quarter worth $719,000.
GDI has been the subject of a number of analyst reports. Zacks Investment Research raised Gardner Denver from a “sell” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, December 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $38.00 price objective (down from $41.00) on shares of Gardner Denver in a research note on Tuesday, February 20th. Johnson Rice initiated coverage on Gardner Denver in a research note on Tuesday, January 30th. They set an “accumulate” rating and a $40.00 price objective for the company. Barclays reiterated an “equal weight” rating and set a $33.00 target price (down from $35.00) on shares of Gardner Denver in a report on Tuesday, February 20th. Finally, Citigroup lifted their target price on Gardner Denver to $36.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.83.
Gardner Denver (NYSE:GDI) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $665.00 million during the quarter, compared to the consensus estimate of $654.94 million. sell-side analysts anticipate that Gardner Denver Holdings Inc will post 1.26 earnings per share for the current year.
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Gardner Denver Company Profile
Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.
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