Rhumbline Advisers raised its position in Chart Industries, Inc. (NASDAQ:GTLS) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,314 shares of the industrial products company’s stock after buying an additional 11,551 shares during the quarter. Rhumbline Advisers owned 0.26% of Chart Industries worth $3,717,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GTLS. Barings LLC acquired a new position in Chart Industries in the 3rd quarter valued at $204,000. Moody National Bank Trust Division acquired a new position in Chart Industries in the 4th quarter valued at $228,000. Crossmark Global Holdings Inc. acquired a new position in Chart Industries in the 3rd quarter valued at $231,000. Sheets Smith Wealth Management acquired a new position in Chart Industries in the 4th quarter valued at $239,000. Finally, Capital Management Associates NY acquired a new position in Chart Industries in the 4th quarter valued at $375,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on GTLS shares. BidaskClub lowered Chart Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Lake Street Capital set a $59.00 price objective on Chart Industries and gave the company a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research lowered Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Cowen set a $50.00 target price on Chart Industries and gave the stock a “hold” rating in a report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $54.83.
Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, February 22nd. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.15. The company had revenue of $306.00 million for 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 for the quarter was up 42.7% on a year-over-year basis. research analysts anticipate that Chart Industries, Inc. will post 1.85 earnings per share for the current 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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