Gardner Denver Holdings, Inc.’s (GDI) Quiet Period To Expire on June 21st
Gardner Denver Holdings’ (NYSE:GDI) quiet period will expire on Wednesday, June 21st. Gardner Denver Holdings had issued 41,300,000 shares in its public offering on May 12th. The total size of the offering was $826,000,000 based on an initial share price of $20.00. During Gardner Denver Holdings’ quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Gardner Denver Holdings in a report on Tuesday, June 6th. They set a “neutral” rating and a $27.00 target price for the company. Stifel Nicolaus started coverage on shares of Gardner Denver Holdings in a research report on Tuesday, June 6th. They issued a “buy” rating and a $27.00 price target for the company. Piper Jaffray Companies started coverage on shares of Gardner Denver Holdings in a research report on Tuesday, June 6th. They issued an “overweight” rating and a $27.00 price target for the company. Tigress Financial started coverage on shares of Gardner Denver Holdings in a research report on Tuesday, June 6th. They issued a “buy” rating for the company. Finally, William Blair started coverage on shares of Gardner Denver Holdings in a research report on Tuesday, June 6th. They issued an “outperform” rating for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Gardner Denver Holdings presently has a consensus rating of “Buy” and a consensus price target of $27.17.
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Gardner Denver Holdings (NYSE:GDI) opened at 23.49 on Wednesday. Gardner Denver Holdings has a 12-month low of $20.27 and a 12-month high of $24.24. The stock’s 50 day moving average is $22.67 and its 200-day moving average is $22.67. The company’s market cap is $3.49 billion.
In other Gardner Denver Holdings news, Director William P. Donnelly acquired 42,642 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average price of $23.37 per share, with a total value of $996,543.54. Following the completion of the transaction, the director now directly owns 42,642 shares in the company, valued at approximately $996,543.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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