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Peregrine Capital Management LLC Takes Position in Gardner Denver Holdings, Inc. (GDI)

Peregrine Capital Management LLC bought a new position in shares of Gardner Denver Holdings, Inc. (NYSE:GDI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 737,537 shares of the company’s stock, valued at approximately $15,938,000.

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Shares of Gardner Denver Holdings, Inc. (GDI) traded down 2.29% during midday trading on Friday, hitting $23.01. 1,163,239 shares of the company’s stock were exchanged. Gardner Denver Holdings, Inc. has a 52 week low of $19.91 and a 52 week high of $24.55. The firm’s market cap is $3.42 billion. The company has a 50-day moving average of $22.17 and a 200-day moving average of $22.32.

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A number of brokerages have issued reports on GDI. UBS AG began coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They set a “buy” rating and a $28.00 target price for the company. Credit Suisse Group AG began coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They set a “neutral” rating and a $27.00 target price for the company. Stifel Nicolaus began coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They set a “buy” rating and a $27.00 target price for the company. Piper Jaffray Companies began coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They set an “overweight” rating and a $27.00 target price for the company. Finally, Tigress Financial began coverage on shares of Gardner Denver Holdings in a research note on Tuesday, June 6th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.13.

In related news, Director William P. Donnelly acquired 42,642 shares of the stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of $23.37 per share, with a total value of $996,543.54. Following the completion of the transaction, the director now directly owns 42,642 shares of the company’s stock, valued at $996,543.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is owned by corporate insiders.

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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