Federated Investors Inc. PA raised its holdings in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 96.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,654 shares of the industrial products company’s stock after acquiring an additional 77,834 shares during the period. Federated Investors Inc. PA owned about 0.51% of Chart Industries worth $9,786,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Millennium Management LLC purchased a new stake in shares of Chart Industries during the fourth quarter valued at approximately $245,000. Comerica Bank boosted its stake in shares of Chart Industries by 40.1% during the first quarter. Comerica Bank now owns 45,960 shares of the industrial products company’s stock valued at $2,812,000 after purchasing an additional 13,144 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Chart Industries during the first quarter valued at approximately $239,000. SG Americas Securities LLC purchased a new stake in shares of Chart Industries during the first quarter valued at approximately $193,000. Finally, American Century Companies Inc. purchased a new stake in shares of Chart Industries during the first quarter valued at approximately $6,571,000. Institutional investors and hedge funds own 99.06% of the company’s stock.
A number of analysts have recently weighed in on the company. Northcoast Research reissued a “buy” rating and set a $91.00 price objective on shares of Chart Industries in a research note on Friday, July 20th. BidaskClub raised Chart Industries from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Zacks Investment Research raised Chart Industries from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research note on Thursday, June 21st. Finally, Lake Street Capital increased their price objective on Chart Industries from $71.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, June 8th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $70.67.
Shares of GTLS stock opened at $75.71 on Thursday. Chart Industries, Inc. has a 52 week low of $33.50 and a 52 week high of $80.31. The firm has a market capitalization of $2.34 billion, a P/E ratio of 78.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.68 and a debt-to-equity ratio of 0.54.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, July 19th. The industrial products company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Chart Industries had a return on equity of 6.45% and a net margin of 4.04%. The company had revenue of $319.90 million during the quarter, compared to analyst estimates of $299.54 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 34.3% on a year-over-year basis. sell-side analysts anticipate that Chart Industries, Inc. will post 2.02 EPS for the current fiscal year.
About Chart Industries
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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