Gamco Investors INC. ET AL decreased its holdings in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,900 shares of the industrial products company’s stock after selling 8,400 shares during the period. Gamco Investors INC. ET AL owned approximately 0.57% of Chart Industries worth $14,013,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. First Mercantile Trust Co. bought a new position in shares of Chart Industries during the 2nd quarter valued at about $204,000. Greenwood Capital Associates LLC bought a new position in shares of Chart Industries during the 2nd quarter valued at about $214,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Chart Industries during the 2nd quarter valued at about $216,000. MAI Capital Management bought a new position in shares of Chart Industries during the 3rd quarter valued at about $235,000. Finally, United Services Automobile Association boosted its position in shares of Chart Industries by 38.1% during the 2nd quarter. United Services Automobile Association now owns 7,432 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 2,049 shares in the last quarter. Institutional investors own 99.06% of the company’s stock.
Several research analysts have commented on the stock. BidaskClub cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 21st. Zacks Investment Research cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Northcoast Research reiterated a “buy” rating and issued a $91.00 target price on shares of Chart Industries in a report on Friday, July 20th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Chart Industries presently has a consensus rating of “Buy” and an average price target of $75.20.
Shares of GTLS opened at $69.79 on Friday. Chart Industries, Inc. has a one year low of $42.39 and a one year high of $80.31. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 1.24 and a beta of 1.24. The company has a quick ratio of 1.53, a current ratio of 2.13 and a debt-to-equity ratio of 0.60.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, October 18th. The industrial products company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.55 by $0.19. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The company had revenue of $272.20 million during the quarter, compared to analysts’ expectations of $314.52 million. During the same period last year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. As a group, analysts anticipate that Chart Industries, Inc. will post 2.03 earnings per share for the current fiscal year.
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Chart Industries Profile
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
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