Picton Mahoney Asset Management Invests $1.64 Million in Gardner Denver Holdings Inc (GDI)

Picton Mahoney Asset Management acquired a new stake in shares of Gardner Denver Holdings Inc (NYSE:GDI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,900 shares of the company’s stock, valued at approximately $1,637,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in shares of Gardner Denver during the 4th quarter valued at about $47,000. American International Group Inc. increased its holdings in shares of Gardner Denver by 19.4% during the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock valued at $52,000 after acquiring an additional 414 shares during the last quarter. Quantamental Technologies LLC increased its holdings in shares of Gardner Denver by 224.9% during the 1st quarter. Quantamental Technologies LLC now owns 2,599 shares of the company’s stock valued at $72,000 after acquiring an additional 1,799 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Gardner Denver by 17.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 4,611 shares of the company’s stock valued at $94,000 after acquiring an additional 688 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Gardner Denver by 19.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,285 shares of the company’s stock valued at $108,000 after acquiring an additional 843 shares during the last quarter. 98.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of GDI stock traded down $0.63 during mid-day trading on Wednesday, reaching $33.36. The stock had a trading volume of 13,345 shares, compared to its average volume of 1,662,414. The company has a current ratio of 2.27, a quick ratio of 1.37 and a debt-to-equity ratio of 0.93. Gardner Denver Holdings Inc has a one year low of $18.70 and a one year high of $36.16. The company has a market capitalization of $7.01 billion, a P/E ratio of 26.02 and a beta of 1.74.

Gardner Denver (NYSE:GDI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.18. Gardner Denver had a return on equity of 16.60% and a net margin of 10.19%. The company had revenue of $620.30 million during the quarter, compared to the consensus estimate of $600.92 million. During the same quarter last year, the company earned $0.38 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Sell-side analysts predict that Gardner Denver Holdings Inc will post 1.26 earnings per share for the current fiscal year.

A number of analysts have issued reports on the company. UBS Group lowered Gardner Denver from a “buy” rating to a “neutral” rating and raised their target price for the company from $31.00 to $38.00 in a report on Tuesday. Credit Suisse Group raised their target price on Gardner Denver from $31.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered Gardner Denver from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. ValuEngine raised Gardner Denver from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price on shares of Gardner Denver in a report on Wednesday, February 20th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Gardner Denver currently has a consensus rating of “Buy” and a consensus price target of $31.80.

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

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