Gardner Denver Target of Unusually High Options Trading (NYSE:GDI)

Gardner Denver Holdings Inc (NYSE:GDI) was the target of unusually large options trading activity on Tuesday. Traders purchased 21,023 put options on the stock. This is an increase of 3,291% compared to the typical daily volume of 620 put options.

GDI has been the topic of several recent analyst reports. Barclays reissued a “hold” rating and set a $30.00 target price on shares of Gardner Denver in a research note on Wednesday, September 4th. CIBC reissued a “hold” rating and set a $31.00 target price on shares of Gardner Denver in a research note on Monday, August 12th. TheStreet lowered shares of Gardner Denver from a “b-” rating to a “c” rating in a research note on Friday, August 23rd. Zacks Investment Research raised shares of Gardner Denver from a “sell” rating to a “hold” rating in a research note on Monday, October 14th. Finally, Morgan Stanley lowered their target price on shares of Gardner Denver from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.71.

GDI opened at $32.56 on Thursday. Gardner Denver has a twelve month low of $18.70 and a twelve month high of $36.22. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $29.27 and a 200 day moving average price of $31.37. The company has a market cap of $6.43 billion, a PE ratio of 25.24 and a beta of 1.43.

Gardner Denver (NYSE:GDI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.20. Gardner Denver had a net margin of 9.76% and a return on equity of 15.17%. The firm had revenue of $629.10 million during the quarter, compared to the consensus estimate of $634.46 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Gardner Denver will post 0.73 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDI. Capital Investment Advisory Services LLC acquired a new position in shares of Gardner Denver during the 2nd quarter worth about $33,000. NumerixS Investment Technologies Inc acquired a new position in shares of Gardner Denver during the 2nd quarter worth about $45,000. Aperio Group LLC acquired a new position in shares of Gardner Denver during the 2nd quarter worth about $115,000. FNY Investment Advisers LLC acquired a new position in shares of Gardner Denver during the 2nd quarter worth about $138,000. Finally, Machina Capital S.A.S. raised its position in shares of Gardner Denver by 270.1% during 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 last quarter.

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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