Point72 Asset Management L.P. lowered its holdings in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 67.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,402 shares of the company’s stock after selling 461,155 shares during the period. Point72 Asset Management L.P. owned approximately 0.11% of Gardner Denver worth $6,203,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Advisor Group Inc. raised 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 buying an additional 3,459 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Gardner Denver by 4.2% in the 3rd quarter. First Trust Advisors LP now owns 151,961 shares of the company’s stock worth $4,182,000 after buying an additional 6,126 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Gardner Denver by 42.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 23,284 shares of the company’s stock worth $640,000 after buying an additional 6,975 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Gardner Denver in the 3rd quarter worth $223,000. Finally, State of Wisconsin Investment Board bought a new stake in shares of Gardner Denver in the 3rd quarter worth $241,000.
In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $667,380,758.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is owned by insiders.
A number of analysts have recently commented on GDI shares. Stifel Nicolaus reissued a “buy” rating and issued a $28.00 price objective on shares of Gardner Denver in a research note on Thursday, September 7th. Simmons reissued an “overweight” rating and issued a $31.00 price objective on shares of Gardner Denver in a research note on Tuesday, September 26th. Zacks Investment Research raised Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, October 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $30.00 target price on shares of Gardner Denver in a research report on Wednesday, October 4th. Finally, Citigroup reaffirmed a “buy” rating and set a $32.00 target price (up from $28.00) on shares of Gardner Denver in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $30.60.
TRADEMARK VIOLATION WARNING: This piece was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://sportsperspectives.com/2017/12/18/gardner-denver-holdings-inc-gdi-holdings-trimmed-by-point72-asset-management-l-p.html.
Gardner Denver 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.
Receive News & Ratings for Gardner Denver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gardner Denver and related companies with MarketBeat.com's FREE daily email newsletter.