Oppenheimer Asset Management Inc. lowered its stake in Gardner Denver Holdings Inc (NYSE:GDI) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,653 shares of the company’s stock after selling 797 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Gardner Denver were worth $688,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Zions Bancorporation boosted its holdings in shares of Gardner Denver by 154.5% during the third quarter. Zions Bancorporation now owns 3,659 shares of the company’s stock worth $104,000 after acquiring an additional 2,221 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Gardner Denver during the third quarter worth approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gardner Denver by 49.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,902 shares of the company’s stock worth $182,000 after acquiring an additional 2,961 shares during the period. Hartford Investment Management Co. bought a new stake in shares of Gardner Denver during the third quarter worth approximately $204,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Gardner Denver during the third quarter worth approximately $210,000.

A number of equities research analysts have recently issued reports on GDI shares. BTIG Research started coverage on Gardner Denver in a report on Friday, January 25th. They set a “buy” rating and a $30.00 price objective for the company. Zacks Investment Research cut Gardner Denver from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Stifel Nicolaus restated a “buy” rating and set a $32.00 price objective on shares of Gardner Denver in a report on Monday, October 29th. Piper Jaffray Companies restated a “buy” rating and set a $32.00 price objective on shares of Gardner Denver in a report on Monday, October 29th. Finally, Desjardins restated an “average” rating and set a $23.00 price objective on shares of Gardner Denver in a report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $30.17.

Shares of NYSE:GDI opened at $24.37 on Monday. Gardner Denver Holdings Inc has a 52-week low of $18.70 and a 52-week high of $35.28. The firm has a market cap of $4.84 billion, a PE ratio of 243.70 and a beta of 1.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.40 and a quick ratio of 1.46.

WARNING: This piece of content was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://theolympiareport.com/2019/02/11/oppenheimer-asset-management-inc-sells-797-shares-of-gardner-denver-holdings-inc-gdi.html.

Gardner Denver 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: Should You Consider an Index Fund?

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

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.