Eagle Asset Management Inc. cut its holdings in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,518,070 shares of the industrial products company’s stock after selling 3,702 shares during the period. Eagle Asset Management Inc. owned 4.24% of Chart Industries worth $94,666,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. FMR LLC increased its position in shares of Chart Industries by 77,936.9% in the 1st quarter. FMR LLC now owns 232,550 shares of the industrial products company’s stock valued at $21,050,000 after acquiring an additional 232,252 shares during the period. Cortina Asset Management LLC increased its position in shares of Chart Industries by 5.1% in the 2nd quarter. Cortina Asset Management LLC now owns 384,897 shares of the industrial products company’s stock valued at $29,591,000 after acquiring an additional 18,641 shares during the period. Scout Investments Inc. increased its position in shares of Chart Industries by 115.9% in the 2nd quarter. Scout Investments Inc. now owns 112,119 shares of the industrial products company’s stock valued at $8,620,000 after acquiring an additional 60,182 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Chart Industries in the 2nd quarter valued at $692,000. Finally, HMS Capital Management LLC increased its position in shares of Chart Industries by 3.5% in the 2nd quarter. HMS Capital Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $401,000 after acquiring an additional 176 shares during the period.
In other Chart Industries news, Director Carey Chen purchased 3,403 shares of the stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $59.73 per share, with a total value of $203,261.19. Following the completion of the acquisition, the director now owns 5,500 shares in the company, valued at $328,515. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by corporate insiders.
NASDAQ:GTLS traded down $0.11 during mid-day trading on Friday, hitting $58.19. The company’s stock had a trading volume of 256,300 shares, compared to its average volume of 441,782. Chart Industries, Inc. has a 1 year low of $54.12 and a 1 year high of $95.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.20. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 28.81 and a beta of 1.22. The business’s fifty day moving average is $60.27 and its two-hundred day moving average is $70.60.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 17th. The industrial products company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Chart Industries had a net margin of 6.55% and a return on equity of 8.10%. The business had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $378.53 million. During the same period in the previous year, the company posted $0.74 earnings per share. Chart Industries’s revenue for the quarter was up 31.4% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 2.81 EPS for the current fiscal year.
GTLS has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on Chart Industries in a research report on Wednesday, September 25th. They issued a “neutral” rating and a $73.00 target price on the stock. BidaskClub downgraded Chart Industries from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 3rd. Lake Street Capital set a $109.00 target price on Chart Industries and gave the company a “buy” rating in a research report on Friday, October 18th. Morgan Stanley cut their target price on Chart Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Finally, Zacks Investment Research downgraded Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Chart Industries currently has an average rating of “Hold” and an average price target of $79.79.
Chart Industries Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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