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.
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.
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.
See Also: Dollar Cost Averaging
Receive News & Ratings for Gardner Denver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gardner Denver and related companies with MarketBeat.com's FREE daily email newsletter.