Sei Investments Co. lifted its stake in shares of Gardner Denver Holdings Inc (NYSE:GDI) by 190.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,583 shares of the company’s stock after purchasing an additional 54,801 shares during the period. Sei Investments Co.’s holdings in Gardner Denver were worth $2,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in shares of Gardner Denver by 4.2% during the third quarter. First Trust Advisors LP now owns 151,961 shares of the company’s stock worth $4,182,000 after purchasing an additional 6,126 shares in the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of Gardner Denver during the third quarter worth about $241,000. Engineers Gate Manager LP purchased a new stake in shares of Gardner Denver during the second quarter worth about $201,000. Pacad Investment Ltd. purchased a new stake in Gardner Denver during the 2nd quarter valued at about $211,000. Finally, CNH Partners LLC purchased a new stake in Gardner Denver during the 2nd quarter valued at about $216,000.

Gardner Denver Holdings Inc (NYSE:GDI) opened at $32.08 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58. Gardner Denver Holdings Inc has a fifty-two week low of $19.91 and a fifty-two week high of $32.75.

GDI has been the subject of several research reports. Citigroup reaffirmed a “buy” rating and set a $32.00 price objective (up previously from $28.00) on shares of Gardner Denver in a research note on Monday, October 9th. Robert W. Baird reaffirmed a “buy” rating and set a $30.00 price objective on shares of Gardner Denver in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Gardner Denver from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, October 3rd. UBS upped their price objective on shares of Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus upped their price objective on shares of Gardner Denver from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.40.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $26.43, for a total value of $667,380,758.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

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About Gardner Denver

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.

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

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