10% Owner Kkr Fund Holdings Gp Ltd sold 20,000,000 shares in Gardner Denver Holdings, Inc. (NYSE:GDI) for $70,671,135 in transaction occurred on 2018/11/02. After making this transaction, the 10% Owner owns a direct stake of 513,000,000 shares, worth $1,620,000,000, as per the last closing price. On 2018/11/02 Kkr Renaissance Aggregator L.P, 10% Owner at GDI, dumped 20,000,000 shares at an average price of $25.66 per share. The selling total is valued at $1,620,000,000.
Separately, it had been reported that some other GDI insiders also took part of the insider trading activity. 10% Owner, Kkr Renaissance Aggregator L.P had divested 30,436,064 shares for $90,721,409 through a trade on 2018/05/07. Following this activity, the insider holds 908,000,000 shares worth $2,080,000,000 as of recent close. Wall Street’s most bullish Gardner Denver Holdings, Inc. (NYSE:GDI) analysts are predicting the share price to blow past $38 per share during the next 12 months. The current median share price forecast by them is $34, suggesting that the stock could increase 48.47% in that time frame. The average price target of $33.44 calls for a nearly 46.03% increase in the stock price.
Gardner Denver Holdings, Inc. (GDI) trading activity significantly improved as the volume at ready counter increased to 3,272,106 shares versus 1,608,360 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,351,444 shares. The share price dropped -1.63% in recent trade and currently has a stock-market value of $4.66B. The shares finished at $22.9, after trading as low as $21.42 earlier in the session. It hit an intraday high Thursday at $22.9. The stock is now -1.12% above against its bear-market low of $23.16 on December 06, 2018. It has retreated -65.94% since it’s 52-week high of $38 reached in January. Now the market price is down -26.51% on the year and down -32.51% YTD.
GDI’s 50 day simple moving average (SMA 50) price is $26.01 and its 200-day simple moving average (SMA 200) price is $29.14. The company’s stock currently has a total float of 107.05M shares. Its weekly volatility is hovering around 5.53% and felt 4.2% volatility in price over a month. On the upside, the share price will test short term resistance at around $23.39. On a downside, the stock is likely to find some support, which begins at $21.91. The failure to get near-term support could push it to $20.93.
It had seen a positive analyst call from Morgan Stanley, which upgraded the stock from Equal-Weight to Overweight on November 09. Analysts at Morgan Stanley, started covering the stock on August 21 with a Equal-Weight rating. The stock won favor of Johnson Rice analysts who expressed their confidence in it using an upgrade from Accumulate to Buy on June 15.
When looking at valuations, Gardner Denver Holdings, Inc. (GDI) has a cheap P/E of 15.35x as compared to industry average of 19.33x. Moreover, it trades for 11.68 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.85x price/book and 1.76x price/sales. Compared to others, Gardner Denver Holdings, Inc. is in a different league with regards to profitability, having net margins of 12.1%. To put some perspective around this, the industry’s average net margin is 14.24%. GDI’s ROE is 20.4%, which is also considerably better than the industry’s ROE of 12.32%. It’s also very liquid in the near term, with a current ratio of 2.4. The stock has a debt/capital of 1.08.
Shares of Gardner Denver Holdings, Inc. (GDI) have dropped -5.2% since the company’s last earnings report. Over the past 6 fiscal quarters, Gardner Denver Holdings, Inc. (NYSE:GDI) has topped consensus earnings estimates in 4 quarters (66%), missed earnings in 2 quarters (33%), whereas at 0 occasion EPS met analyst expectations. GDI last reported earnings on October 25, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.49 per share, -75.5% change on the same period last year. That was better than consensus for $0.48. Revenue for the recent quarter stood at $689.3 million, up 6% on last year and below the $702.33 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $730.3 million to $743.68 million, which should be compared with $690.5 million generated last year. EPS is seen in a range of $0.53 to $0.56, against the $0.48 reported a year ago.