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 initial public offering on May 12th. The total size of the offering was $826,000,000 based on an initial share price of $20.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Gardner Denver Holdings from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday. Citigroup Inc. set a $34.00 price objective on Gardner Denver Holdings and gave the company a “buy” rating in a research note on Friday, October 27th. Simmons reiterated an “overweight” rating and issued a $31.00 price objective on shares of Gardner Denver Holdings in a research note on Tuesday, September 26th. Stifel Nicolaus increased their price objective on 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, Piper Jaffray Companies set a $27.00 price objective on Gardner Denver Holdings and gave the company a “buy” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $30.20.

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Gardner Denver Holdings (GDI) traded up 0.42% during mid-day trading on Wednesday, reaching $28.97. The company’s stock had a trading volume of 351,173 shares. The stock’s market capitalization is $5.68 billion. The stock’s 50 day moving average price is $26.78 and its 200 day moving average price is $23.88. Gardner Denver Holdings has a 1-year low of $19.91 and a 1-year high of $30.66.

A number of hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. acquired a new position in Gardner Denver Holdings in the 2nd quarter worth $83,015,000. Neuberger Berman Group LLC acquired a new position in Gardner Denver Holdings in the 2nd quarter worth $66,221,000. Vanguard Group Inc. acquired a new position in Gardner Denver Holdings in the 2nd quarter worth $61,434,000. Jennison Associates LLC acquired a new position in Gardner Denver Holdings in the 2nd quarter worth $49,247,000. Finally, Teachers Advisors LLC acquired a new position in Gardner Denver Holdings in the 2nd quarter worth $47,611,000. Hedge funds and other institutional investors own 98.87% 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.

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