Gardner Denver Holdings, Inc. (GDI) Stake Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Gardner Denver Holdings, Inc. (NYSE:GDI) by 42.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,221 shares of the company’s stock after purchasing an additional 9,937 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Gardner Denver were worth $1,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GDI. Metropolitan Life Insurance Co. NY raised its stake in shares of Gardner Denver by 50.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,850 shares of the company’s stock valued at $165,000 after acquiring an additional 1,620 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Gardner Denver in the fourth quarter valued at $171,000. State of Alaska Department of Revenue purchased a new stake in shares of Gardner Denver in the fourth quarter valued at $176,000. Comerica Bank purchased a new stake in shares of Gardner Denver in the fourth quarter valued at $208,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Gardner Denver in the fourth quarter valued at $222,000.

GDI stock opened at $32.53 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.72 and a debt-to-equity ratio of 1.37. Gardner Denver Holdings, Inc. has a 12 month low of $19.91 and a 12 month high of $38.00.

Gardner Denver (NYSE:GDI) last issued its earnings results on Thursday, February 15th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.28. The business had revenue of $665.00 million for the quarter, compared to the consensus estimate of $654.94 million. analysts predict that Gardner Denver Holdings, Inc. will post 1.26 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on GDI. Zacks Investment Research raised shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 target price (down previously from $41.00) on shares of Gardner Denver in a research note on Tuesday, February 20th. UBS began coverage on shares of Gardner Denver in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $42.00 target price on the stock. Barclays began coverage on shares of Gardner Denver in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $35.00 price target on the stock. Finally, Johnson Rice began coverage on shares of Gardner Denver in a research note on Tuesday, January 30th. They issued an “accumulate” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Gardner Denver has a consensus rating of “Buy” and an average price target of $32.75.

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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.

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

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