Gardner Denver Holdings, Inc.’s (GDI) Quiet Period Will End Tomorrow

Gardner Denver Holdings’ (NYSE:GDI) quiet period is set to expire on Wednesday, June 21st. Gardner Denver Holdings had issued 41,300,000 shares in its IPO on May 12th. The total size of the offering was $826,000,000 based on an initial share price of $20.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Several equities analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They issued a “buy” rating and a $27.00 price objective for the company. Robert W. Baird assumed coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They issued an “outperform” rating and a $28.00 price objective for the company. Piper Jaffray Companies assumed coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They issued an “overweight” rating and a $27.00 price objective for the company. Citigroup Inc. assumed coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Tigress Financial assumed coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Gardner Denver Holdings currently has a consensus rating of “Buy” and an average price target of $27.17.

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Gardner Denver Holdings (NYSE GDI) opened at 23.92 on Tuesday. The company’s 50-day moving average is $22.81 and its 200-day moving average is $22.81. The company’s market cap is $3.55 billion. Gardner Denver Holdings has a 52 week low of $20.27 and a 52 week high of $24.55.

In other news, Director William P. Donnelly purchased 42,642 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was bought at an average cost of $23.37 per share, for a total transaction of $996,543.54. Following the acquisition, the director now directly owns 42,642 shares of the company’s stock, valued at approximately $996,543.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gardner Denver Holdings 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.

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