DekaBank Deutsche Girozentrale cut its stake in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 50.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,000 shares of the company’s stock after selling 180,500 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.09% of Gardner Denver worth $4,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of GDI. Advisor Group Inc. raised its position in Gardner Denver by 145.5% during the 3rd quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock valued at $160,000 after purchasing an additional 3,459 shares during the last quarter. Engineers Gate Manager LP bought a new position in Gardner Denver during the 2nd quarter valued at approximately $201,000. Pacad Investment Ltd. bought a new position in Gardner Denver during the 2nd quarter valued at approximately $211,000. CNH Partners LLC bought a new position in Gardner Denver during the 2nd quarter valued at approximately $216,000. Finally, State of Wisconsin Investment Board bought a new position in Gardner Denver during the 3rd quarter valued at approximately $241,000.
Gardner Denver Holdings Inc (NYSE:GDI) traded up $0.31 during mid-day trading on Wednesday, reaching $31.47. The company had a trading volume of 463,569 shares, compared to its average volume of 916,726. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.51 and a quick ratio of 1.60. Gardner Denver Holdings Inc has a one year low of $19.91 and a one year high of $32.75.
GDI has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $32.00 price target (up previously from $28.00) on shares of Gardner Denver in a research report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and issued a $30.00 target price on shares of Gardner Denver in a research report on Wednesday, October 4th. Zacks Investment Research raised Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, October 3rd. UBS increased their target price on Gardner Denver from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus increased their target price on Gardner Denver from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $30.40.
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Gardner Denver 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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