Invictus RG Takes Position in Gardner Denver Holdings Inc (NYSE:GDI)

Invictus RG bought a new stake in Gardner Denver Holdings Inc (NYSE:GDI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,223 shares of the company’s stock, valued at approximately $309,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Group Inc. lifted its stake in Gardner Denver by 145.5% in the 3rd quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock valued at $160,000 after buying an additional 3,459 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Gardner Denver in the 2nd quarter worth approximately $201,000. Pacad Investment Ltd. purchased a new position in Gardner Denver in the 2nd quarter worth approximately $211,000. CNH Partners LLC purchased a new position in Gardner Denver in the 2nd quarter worth approximately $216,000. Finally, Amalgamated Bank purchased a new position in Gardner Denver in the 3rd quarter worth approximately $223,000.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the 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 transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.37% of the company’s stock.

A number of brokerages have recently issued reports on GDI. Robert W. Baird reiterated a “buy” rating and issued a $30.00 target price on shares of Gardner Denver in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, October 3rd. Tigress Financial restated a “buy” rating on shares of Gardner Denver in a research note on Monday, December 18th. Citigroup boosted their price target on shares of Gardner Denver to $36.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Simmons reaffirmed an “overweight” rating and set a $31.00 price objective on shares of Gardner Denver in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Gardner Denver has an average rating of “Buy” and a consensus target price of $31.10.

Shares of Gardner Denver Holdings Inc (NYSE:GDI) traded down $0.04 on Friday, reaching $33.93. 442,326 shares of the company’s stock traded hands, compared to its average volume of 666,068. The company has a current ratio of 2.51, a quick ratio of 1.60 and a debt-to-equity ratio of 1.58. Gardner Denver Holdings Inc has a one year low of $19.91 and a one year high of $34.63.

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Gardner Denver Company Profile

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.

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

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