Gardner Denver Holdings, Inc. (NYSE:GDI) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Gardner Denver Holdings, Inc. (NYSE:GDI) from a buy rating to a sell rating in a research note published on Wednesday, November 8th.

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. “

A number of other research firms have also issued reports on GDI. Stifel Nicolaus lifted their price objective on shares of Gardner Denver Holdings from $30.00 to $34.00 and gave the company a buy rating in a research note on Friday, October 27th. Wolfe Research began coverage on shares of Gardner Denver Holdings in a report on Tuesday, July 11th. They issued an outperform rating and a $26.00 price objective for the company. Citigroup Inc. reissued a buy rating and set a $32.00 price target (up previously from $28.00) on shares of Gardner Denver Holdings in a report on Monday, October 9th. Piper Jaffray Companies set a $27.00 price objective on shares of Gardner Denver Holdings and gave the stock a buy rating in a report on Tuesday, July 18th. Finally, UBS AG boosted their price target on shares of Gardner Denver Holdings from $28.00 to $33.00 and gave the stock a buy rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $30.20.

Shares of Gardner Denver Holdings (NYSE GDI) opened at $30.05 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.60 and a current ratio of 2.51. Gardner Denver Holdings has a 12 month low of $19.91 and a 12 month high of $30.66.

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A number of institutional investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC bought a new stake in shares of Gardner Denver Holdings during the second quarter worth $47,611,000. Peregrine Capital Management LLC acquired a new stake in Gardner Denver Holdings in the 2nd quarter valued at approximately $15,938,000. American Century Companies Inc. acquired a new stake in Gardner Denver Holdings in the 2nd quarter valued at approximately $12,492,000. Nationwide Fund Advisors acquired a new stake in Gardner Denver Holdings in the 2nd quarter valued at approximately $2,122,000. Finally, TD Asset Management Inc. acquired a new stake in Gardner Denver Holdings in the 2nd quarter valued at approximately $2,184,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

About Gardner Denver Holdings

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.

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