Gardner Denver Holdings Inc (GDI) Shares Bought by TD Asset Management Inc.

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TD Asset Management Inc. grew its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 425,286 shares of the company’s stock after buying an additional 7,700 shares during the quarter. TD Asset Management Inc.’s holdings in Gardner Denver were worth $11,827,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Gardner Denver in the fourth quarter valued at approximately $47,000. American International Group Inc. boosted its holdings in shares of Gardner Denver by 19.4% in the fourth quarter. American International Group Inc. now owns 2,553 shares of the company’s stock valued at $52,000 after buying an additional 414 shares during the period. Quantamental Technologies LLC boosted its holdings in shares of Gardner Denver by 224.9% in the first quarter. Quantamental Technologies LLC now owns 2,599 shares of the company’s stock valued at $72,000 after buying an additional 1,799 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of Gardner Denver by 17.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 4,611 shares of the company’s stock valued at $94,000 after buying an additional 688 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Gardner Denver by 19.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,285 shares of the company’s stock valued at $108,000 after buying an additional 843 shares during the period. Institutional investors own 98.69% of the company’s stock.

NYSE GDI opened at $35.27 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.37 and a current ratio of 2.27. Gardner Denver Holdings Inc has a 1 year low of $18.70 and a 1 year high of $36.22. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 27.34 and a beta of 1.74.

Gardner Denver (NYSE:GDI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.18. Gardner Denver had a net margin of 10.19% and a return on equity of 16.60%. The firm had revenue of $620.30 million for the quarter, compared to analyst estimates of $600.92 million. During the same period in the prior year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts anticipate that Gardner Denver Holdings Inc will post 1.26 EPS for the current year.

A number of brokerages have recently commented on GDI. CIBC reissued a “hold” rating and issued a $28.00 price objective on shares of Gardner Denver in a research report on Wednesday, May 15th. Credit Suisse Group boosted their price objective on shares of Gardner Denver from $31.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of Gardner Denver from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. TheStreet raised shares of Gardner Denver from a “c” rating to a “b-” rating in a research report on Monday, May 13th. Finally, ValuEngine raised shares of Gardner Denver from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.56.

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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.

Read More: Diluted Earnings Per Share

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

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