Gardner Denver (NYSE:GDI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

Several other brokerages have also recently issued reports on GDI. Tigress Financial restated a “buy” rating on shares of Gardner Denver in a research report on Monday. Citigroup upped their target price on shares of Gardner Denver to $36.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Stifel Nicolaus upped their target price on shares of Gardner Denver from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. UBS upped their target price on shares of Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Robert W. Baird restated a “buy” rating and set a $30.00 target price on shares of Gardner Denver in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.60.

Shares of Gardner Denver (NYSE GDI) opened at $33.29 on Monday. The company has a current ratio of 2.51, a quick ratio of 1.60 and a debt-to-equity ratio of 1.58. Gardner Denver has a 1 year low of $19.91 and a 1 year high of $33.62.

In related news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $667,380,758.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A number of large investors have recently modified their holdings of the stock. Advisor Group Inc. grew its holdings 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. First Trust Advisors LP grew its holdings in Gardner Denver by 4.2% during the 3rd quarter. First Trust Advisors LP now owns 151,961 shares of the company’s stock valued at $4,182,000 after purchasing an additional 6,126 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Gardner Denver by 42.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,284 shares of the company’s stock valued at $640,000 after purchasing an additional 6,975 shares during the last quarter. Amalgamated Bank bought a new position in Gardner Denver during the 3rd quarter valued at about $223,000. Finally, State of Wisconsin Investment Board bought a new position in Gardner Denver during the 3rd quarter valued at about $241,000.

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Gardner Denver Company 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.

Analyst Recommendations for Gardner Denver (NYSE:GDI)

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