Short Interest in Gardner Denver Holdings Inc (GDI) Grows By 56.5%

Gardner Denver Holdings Inc (NYSE:GDI) was the recipient of a significant growth in short interest during the month of September. As of September 28th, there was short interest totalling 4,974,611 shares, a growth of 56.5% from the September 14th total of 3,179,069 shares. Based on an average daily volume of 1,466,579 shares, the short-interest ratio is currently 3.4 days. Approximately 4.6% of the company’s stock are sold short.

NYSE GDI traded down $0.56 during mid-day trading on Friday, reaching $26.55. The stock had a trading volume of 3,314,908 shares, compared to its average volume of 2,168,559. Gardner Denver has a 1 year low of $23.33 and a 1 year high of $38.00. The firm has a market cap of $5.55 billion, a P/E ratio of 265.50 and a beta of 1.03. The company has a quick ratio of 1.46, a current ratio of 2.40 and a debt-to-equity ratio of 1.08.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings data on Friday, October 26th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. The company had revenue of $689.30 million during the quarter, compared to analyst estimates of $707.78 million. As a group, equities analysts expect that Gardner Denver will post 1.31 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Gardner Denver from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Piper Jaffray Companies set a $35.00 target price on shares of Gardner Denver and gave the company a “buy” rating in a report on Wednesday, September 26th. Morgan Stanley began coverage on shares of Gardner Denver in a report on Monday, August 20th. They set an “equal weight” rating and a $30.00 target price for the company. TD Securities restated an “average” rating and issued a $24.00 price objective on shares of Gardner Denver in a report on Thursday. Finally, Zacks Investment Research lowered shares of Gardner Denver from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.92.

In other news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of Gardner Denver stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $25.66, for a total transaction of $513,200,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of GDI. Northern Trust Corp grew its position in Gardner Denver by 28.6% in the 1st quarter. Northern Trust Corp now owns 374,084 shares of the company’s stock worth $11,476,000 after purchasing an additional 83,102 shares during the period. BlackRock Inc. grew its position in Gardner Denver by 7.9% in the 1st quarter. BlackRock Inc. now owns 2,853,575 shares of the company’s stock worth $87,548,000 after purchasing an additional 208,920 shares during the period. JPMorgan Chase & Co. grew its position in Gardner Denver by 50.9% in the 1st quarter. JPMorgan Chase & Co. now owns 237,768 shares of the company’s stock worth $7,295,000 after purchasing an additional 80,188 shares during the period. California Public Employees Retirement System grew its position in Gardner Denver by 130.6% in the 1st quarter. California Public Employees Retirement System now owns 51,200 shares of the company’s stock worth $1,571,000 after purchasing an additional 29,000 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in Gardner Denver in the 1st quarter worth approximately $9,453,000.

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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.

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