Neuberger Berman Group LLC trimmed its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 68.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 979,312 shares of the company’s stock after selling 2,085,069 shares during the period. Neuberger Berman Group LLC owned 0.50% of Gardner Denver worth $26,951,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of Gardner Denver by 145.5% in the 3rd quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock worth $160,000 after purchasing an additional 3,459 shares during the period. Engineers Gate Manager LP bought a new stake in Gardner Denver during the 2nd quarter valued at about $201,000. Pacad Investment Ltd. bought a new stake in Gardner Denver during the 2nd quarter valued at about $211,000. CNH Partners LLC bought a new stake in Gardner Denver during the 2nd quarter valued at about $216,000. Finally, Amalgamated Bank bought a new stake in Gardner Denver during the 3rd quarter valued at about $223,000.
In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.43, for a total value of $667,380,758.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by insiders.
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Gardner Denver from a “buy” rating to a “hold” rating in a research note on Thursday. Tigress Financial reiterated a “buy” rating on shares of Gardner Denver in a research note on Monday, December 18th. Citigroup lifted their price target on shares of Gardner Denver to $36.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Stifel Nicolaus lifted their price target on shares of Gardner Denver from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Finally, UBS Group raised their price objective on shares of Gardner Denver from $28.00 to $33.00 and gave the stock a “buy” rating in a 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of $31.10.
Shares of Gardner Denver Holdings Inc (GDI) traded down $0.33 during trading hours on Friday, reaching $34.56. 542,063 shares of the company’s stock traded hands, compared to its average volume of 698,710. Gardner Denver Holdings Inc has a twelve month low of $19.91 and a twelve month high of $35.41. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.51 and a quick ratio of 1.60. The stock has a market capitalization of $6,770.00 and a P/E ratio of -44.31.
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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