Pentwater Capital Management LP Sells 55,900 Shares of Gardner Denver Holdings Inc (NYSE:GDI)

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Pentwater Capital Management LP lessened its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 35.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the company’s stock after selling 55,900 shares during the period. Pentwater Capital Management LP’s holdings in Gardner Denver were worth $3,460,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new stake in Gardner Denver in the 2nd quarter worth approximately $33,000. NumerixS Investment Technologies Inc bought a new stake in Gardner Denver in the 2nd quarter worth approximately $45,000. Aperio Group LLC bought a new stake in Gardner Denver in the 2nd quarter worth approximately $115,000. FNY Investment Advisers LLC bought a new stake in Gardner Denver in the 2nd quarter worth approximately $138,000. Finally, Machina Capital S.A.S. grew its position in Gardner Denver by 270.1% in the 2nd quarter. Machina Capital S.A.S. now owns 5,315 shares of the company’s stock worth $184,000 after purchasing an additional 3,879 shares during the period.

Shares of Gardner Denver stock traded down $0.44 on Friday, hitting $29.59. 38,853 shares of the company’s stock were exchanged, compared to its average volume of 1,413,839. The company has a 50-day simple moving average of $29.74 and a 200-day simple moving average of $31.06. The stock has a market capitalization of $6.34 billion, a PE ratio of 22.95 and a beta of 1.43. Gardner Denver Holdings Inc has a 1 year low of $18.70 and a 1 year high of $36.22. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.53 and a current ratio of 2.48.

Gardner Denver (NYSE:GDI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.20. The business had revenue of $629.10 million for the quarter, compared to analysts’ expectations of $634.46 million. Gardner Denver had a net margin of 9.76% and a return on equity of 15.17%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. On average, analysts expect that Gardner Denver Holdings Inc will post 0.81 EPS for the current fiscal year.

GDI has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Gardner Denver from $35.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, July 15th. Zacks Investment Research raised shares of Gardner Denver from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Morgan Stanley cut their target price on shares of Gardner Denver from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. CIBC reiterated a “hold” rating and set a $31.00 price target on shares of Gardner Denver in a research note on Monday, August 12th. Finally, TheStreet cut shares of Gardner Denver from a “b-” rating to a “c” rating in a research note on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $32.86.

About Gardner Denver

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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