Cramer Rosenthal Mcglynn LLC lifted its stake in Chart Industries, Inc. (NASDAQ:GTLS) by 45.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 311,005 shares of the industrial products company’s stock after purchasing an additional 96,664 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 1.01% of Chart Industries worth $14,574,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Deutsche Bank AG increased its holdings in shares of Chart Industries by 37.5% in the fourth quarter. Deutsche Bank AG now owns 190,097 shares of the industrial products company’s stock valued at $8,904,000 after purchasing an additional 51,815 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $2,052,000. Investors Research Corp acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $769,000. Amalgamated Bank acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $207,000. Finally, Carillon Tower Advisers Inc. acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $52,412,000. 94.45% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. TheStreet upgraded Chart Industries from a “c” rating to a “b-” rating in a research report on Friday, March 2nd. Zacks Investment Research upgraded Chart Industries from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Friday, February 23rd. BidaskClub lowered Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Craig Hallum upgraded Chart Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, Alembic Global Advisors reiterated a “hold” rating on shares of Chart Industries in a research report on Thursday, March 8th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $54.83.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.15. The company had revenue of $306.00 million during the quarter, compared to analyst estimates of $282.19 million. Chart Industries had a return on equity of 4.44% and a net margin of 2.84%. Chart Industries’s revenue was up 42.7% compared to the same quarter last year. analysts anticipate that Chart Industries, Inc. will post 1.85 EPS for the current fiscal year.
Chart Industries Company 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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