Peregrine Capital Management LLC bought a new position in Gardner Denver Holdings, Inc. (NYSE:GDI) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 737,537 shares of the company’s stock, valued at approximately $15,938,000. Peregrine Capital Management LLC owned approximately 0.50% of Gardner Denver Holdings at the end of the most recent quarter.
Gardner Denver Holdings, Inc. (GDI) traded up 0.26% during midday trading on Wednesday, reaching $22.75. 536,296 shares of the company traded hands. The stock’s market capitalization is $4.46 billion. The firm has a 50 day moving average of $22.63 and a 200-day moving average of $22.56. Gardner Denver Holdings, Inc. has a 12 month low of $19.91 and a 12 month high of $24.55.
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A number of equities research analysts have recently commented on the stock. UBS AG assumed coverage on shares of Gardner Denver Holdings in a report on Tuesday, June 6th. They issued a “buy” rating and a $28.00 target price for the company. Credit Suisse Group initiated coverage on shares of Gardner Denver Holdings in a report on Tuesday, June 6th. They set a “neutral” rating and a $27.00 price target for the company. Stifel Nicolaus initiated coverage on shares of Gardner Denver Holdings in a report on Tuesday, June 6th. They issued a “buy” rating and a $27.00 target price for the company. Piper Jaffray Companies started coverage on shares of Gardner Denver Holdings in a report on Tuesday, June 6th. They issued an “overweight” rating and a $27.00 target price for the company. Finally, Tigress Financial started coverage on shares of Gardner Denver Holdings in a research report on Tuesday, June 6th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $27.13.
In other news, Director William P. Donnelly purchased 42,642 shares of Gardner Denver Holdings stock in a transaction dated Wednesday, May 24th. The shares were bought at an average cost of $23.37 per share, for a total transaction of $996,543.54. Following the completion of the acquisition, the director now owns 42,642 shares in the company, valued at approximately $996,543.54. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
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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