Pioneer Investment Management Inc. bought a new position in Gardner Denver Holdings, Inc. (NYSE:GDI) during the second quarter, Holdings Channel reports. The fund bought 427,979 shares of the company’s stock, valued at approximately $9,249,000.

A number of other institutional investors have also recently added to or reduced their stakes in GDI. NGAM Advisors L.P. purchased a new position in Gardner Denver Holdings during the second quarter worth about $302,000. Sei Investments Co. purchased a new position in Gardner Denver Holdings during the second quarter worth about $622,000. Quantitative Systematic Strategies LLC purchased a new position in Gardner Denver Holdings during the second quarter worth about $1,719,000. TD Asset Management Inc. purchased a new position in Gardner Denver Holdings during the second quarter worth about $2,184,000. Finally, Peregrine Capital Management LLC purchased a new position in Gardner Denver Holdings during the second quarter worth about $15,938,000. Hedge funds and other institutional investors own 0.71% of the company’s stock.

Gardner Denver Holdings, Inc. (NYSE GDI) opened at 22.68 on Friday. The company’s market cap is $4.44 billion. The stock has a 50 day moving average price of $22.47 and a 200 day moving average price of $22.55. Gardner Denver Holdings, Inc. has a one year low of $19.91 and a one year high of $24.55.

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A number of research firms have issued reports on GDI. UBS AG began coverage on Gardner Denver Holdings in a report on Tuesday, June 6th. They set a “buy” rating and a $28.00 target price for the company. Goldman Sachs Group, Inc. (The) began coverage on Gardner Denver Holdings in a report on Tuesday, June 6th. They set a “buy” rating and a $27.00 target price for the company. Piper Jaffray Companies began coverage on Gardner Denver Holdings in a report on Tuesday, June 6th. They set an “overweight” rating and a $27.00 target price for the company. Stifel Nicolaus began coverage on Gardner Denver Holdings in a report on Tuesday, June 6th. They set a “buy” rating and a $27.00 target price for the company. Finally, Robert W. Baird began coverage on Gardner Denver Holdings in a report on Tuesday, June 6th. They set an “outperform” rating and a $28.00 target price for the company. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $27.13.

In other news, Director William P. Donnelly acquired 42,642 shares of Gardner Denver Holdings stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $23.37 per share, with a total value of $996,543.54. Following the transaction, the director now owns 42,642 shares of the company’s stock, valued at approximately $996,543.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

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.

Want to see what other hedge funds are holding GDI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gardner Denver Holdings, Inc. (NYSE:GDI).

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

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