Gardner Denver Holdings Inc (GDI) Stake Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in Gardner Denver Holdings Inc (NYSE:GDI) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,970 shares of the company’s stock after acquiring an additional 9,762 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.07% of Gardner Denver worth $3,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Inc. grew its stake in shares of Gardner Denver by 145.5% in the 3rd quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock worth $160,000 after acquiring an additional 3,459 shares in the last quarter. Engineers Gate Manager LP bought a new position in Gardner Denver during the second quarter valued at about $201,000. Pacad Investment Ltd. bought a new position in Gardner Denver during the second quarter valued at about $211,000. CNH Partners LLC bought a new position in Gardner Denver during the second quarter valued at about $216,000. Finally, State of Wisconsin Investment Board bought a new position in Gardner Denver during the third quarter valued at about $241,000.

GDI has been the subject of several research reports. Stifel Nicolaus increased their price target on shares of Gardner Denver from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Gardner Denver from a “buy” rating to a “sell” rating in a research report on Wednesday, November 8th. Citigroup restated a “buy” rating and set a $32.00 price target (up previously from $28.00) on shares of Gardner Denver in a research report on Monday, October 9th. Finally, UBS Group increased their price target on shares of Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $31.10.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the company’s stock in a transaction dated 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 through the SEC website. 1.37% of the stock is owned by corporate insiders.

Gardner Denver Holdings Inc (GDI) opened at $34.07 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.51 and a quick ratio of 1.60. Gardner Denver Holdings Inc has a 1 year low of $19.91 and a 1 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.

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

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