Kopp Investment Advisors LLC decreased its stake in Chart Industries, Inc. (NASDAQ:GTLS) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,877 shares of the industrial products company’s stock after selling 2,004 shares during the period. Chart Industries accounts for approximately 1.7% of Kopp Investment Advisors LLC’s holdings, making the stock its 22nd largest position. Kopp Investment Advisors LLC owned approximately 0.12% of Chart Industries worth $1,681,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Chart Industries by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,431,180 shares of the industrial products company’s stock valued at $95,375,000 after acquiring an additional 80,677 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Chart Industries by 17.5% in the 4th quarter. Eagle Asset Management Inc. now owns 1,701,901 shares of the industrial products company’s stock valued at $79,733,000 after acquiring an additional 253,509 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Chart Industries in the 4th quarter valued at about $52,412,000. State Street Corp grew its holdings in shares of Chart Industries by 3.9% in the 2nd quarter. State Street Corp now owns 740,294 shares of the industrial products company’s stock valued at $25,707,000 after acquiring an additional 27,558 shares in the last quarter. Finally, SG Capital Management LLC bought a new position in shares of Chart Industries in the 3rd quarter valued at about $13,381,000. Institutional investors own 94.45% of the company’s stock.
Several brokerages have recently weighed in on GTLS. TheStreet upgraded Chart Industries from a “c” rating to a “b-” rating in a report on Friday, March 2nd. Alembic Global Advisors restated a “hold” rating on shares of Chart Industries in a report on Thursday. Craig Hallum upgraded Chart Industries from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. BidaskClub upgraded Chart Industries from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Finally, Zacks Investment Research cut Chart Industries from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $54.83.
Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.15. Chart Industries had a net margin of 2.84% and a return on equity of 4.44%. The business had revenue of $306.00 million during the quarter, compared to the consensus estimate of $282.19 million. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. equities analysts predict that Chart Industries, Inc. will post 1.85 earnings per share for the current fiscal year.
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Chart Industries Profile
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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