Citadel Advisors LLC bought a new stake in Gardner Denver Holdings Inc (NYSE:GDI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 25,371 shares of the company’s stock, valued at approximately $698,000.
Several other hedge funds have also recently modified their holdings of the company. Ashburton Jersey Ltd bought a new stake in shares of Gardner Denver in the 3rd quarter valued at about $429,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Gardner Denver in the 3rd quarter valued at about $12,370,000. Systematic Financial Management LP bought a new stake in shares of Gardner Denver in the 3rd quarter valued at about $1,313,000. Pacer Advisors Inc. bought a new stake in shares of Gardner Denver in the 3rd quarter valued at about $250,000. Finally, Blue Rock Advisors LLC bought a new stake in shares of Gardner Denver in the 3rd quarter valued at about $1,505,000.
In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $667,380,758.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several research firms have weighed in on GDI. Stifel Nicolaus increased their price target on shares of Gardner Denver from $34.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Simmons reissued an “overweight” rating and issued a $31.00 price target on shares of Gardner Denver in a report on Tuesday, September 26th. Citigroup set a $34.00 price target on shares of Gardner Denver and gave the company a “buy” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, October 31st. Finally, Robert W. Baird reissued a “buy” rating and issued a $30.00 price target on shares of Gardner Denver in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Gardner Denver has an average rating of “Buy” and a consensus price target of $30.40.
Gardner Denver Holdings Inc (NYSE:GDI) opened at $32.33 on Monday. Gardner Denver Holdings Inc has a fifty-two week low of $19.91 and a fifty-two week high of $32.75. The company has a current ratio of 2.51, a quick ratio of 1.60 and a debt-to-equity ratio of 1.58.
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About Gardner Denver
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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