Gardner Denver Holdings’ (NYSE:GDI) lock-up period will expire on Wednesday, November 8th. Gardner Denver Holdings had issued 41,300,000 shares in its IPO on May 12th. The total size of the offering was $826,000,000 based on an initial share price of $20.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Gardner Denver Holdings from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday. UBS AG raised their price target on shares of Gardner Denver Holdings from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Citigroup Inc. set a $34.00 price target on shares of Gardner Denver Holdings and gave the company a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus raised their price target on shares of Gardner Denver Holdings from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Robert W. Baird restated a “buy” rating and issued a $30.00 price target on shares of Gardner Denver Holdings in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.20.

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Several institutional investors and hedge funds have recently bought and sold shares of GDI. Peregrine Capital Management LLC bought a new stake in shares of Gardner Denver Holdings during the second quarter worth approximately $15,938,000. Quantitative Systematic Strategies LLC bought a new stake in Gardner Denver Holdings in the second quarter valued at approximately $1,719,000. NGAM Advisors L.P. bought a new stake in Gardner Denver Holdings in the second quarter valued at approximately $302,000. Sei Investments Co. bought a new stake in Gardner Denver Holdings in the second quarter valued at approximately $622,000. Finally, TD Asset Management Inc. bought a new stake in Gardner Denver Holdings in the second quarter valued at approximately $2,184,000. 98.87% of the stock is owned by institutional investors and hedge funds.

About Gardner Denver Holdings

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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