Gabelli Funds LLC cut its holdings in Chart Industries, Inc. (NASDAQ:GTLS) by 37.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,150 shares of the industrial products company’s stock after selling 20,000 shares during the period. Gabelli Funds LLC owned about 0.09% of Chart Industries worth $2,067,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. FMR LLC grew its holdings in Chart Industries by 77,936.9% during the 1st quarter. FMR LLC now owns 232,550 shares of the industrial products company’s stock valued at $21,050,000 after purchasing an additional 232,252 shares during the last quarter. Cortina Asset Management LLC grew its holdings in Chart Industries by 5.1% during 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 purchasing an additional 18,641 shares during the last quarter. Scout Investments Inc. grew its holdings in Chart Industries by 115.9% during the 2nd quarter. Scout Investments Inc. now owns 112,119 shares of the industrial products company’s stock valued at $8,620,000 after purchasing an additional 60,182 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Chart Industries during the 2nd quarter valued at about $692,000. Finally, HMS Capital Management LLC grew its holdings in Chart Industries by 3.5% during the 2nd quarter. HMS Capital Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 176 shares during the last quarter.
GTLS stock traded down $0.11 during mid-day trading on Friday, reaching $58.19. The company had a trading volume of 256,300 shares, compared to its average volume of 441,782. Chart Industries, Inc. has a 12 month low of $54.12 and a 12 month high of $95.66. The firm has a 50 day moving average of $60.10 and a 200 day moving average of $70.46. 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 company has a market capitalization of $2.11 billion, a PE ratio of 28.81 and a beta of 1.22.
Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, October 17th. The industrial products company reported $0.77 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $378.53 million. During the same period in the previous year, the company earned $0.74 EPS. The company’s revenue was up 31.4% on a year-over-year basis. Analysts anticipate that Chart Industries, Inc. will post 2.81 EPS for the current year.
In other news, Director Carey Chen bought 3,403 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $59.73 per share, with a total value of $203,261.19. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $328,515. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.
Several equities analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Chart Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. ValuEngine upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. assumed coverage on shares of Chart Industries in a report on Wednesday, September 25th. They set a “neutral” rating and a $73.00 price target on the stock. Raymond James upgraded shares of Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Tuesday, August 13th. Finally, Credit Suisse Group assumed coverage on shares of Chart Industries in a report on Tuesday, August 13th. They set an “outperform” rating and a $83.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Chart Industries currently has an average rating of “Hold” and an average target price of $79.79.
Chart Industries Company 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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