Russell Investments Group Ltd. cut its holdings in Chart Industries, Inc. (NASDAQ:GTLS) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,630 shares of the industrial products company’s stock after selling 8,838 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Chart Industries worth $9,101,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Chart Industries by 8.3% during the 2nd quarter. BlackRock Inc. now owns 6,871,389 shares of the industrial products company’s stock worth $1,005,421,000 after purchasing an additional 527,570 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Chart Industries by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,798,032 shares of the industrial products company’s stock valued at $555,728,000 after purchasing an additional 78,713 shares during the period. Nordea Investment Management AB increased its position in Chart Industries by 113.7% during the 3rd quarter. Nordea Investment Management AB now owns 2,340,450 shares of the industrial products company’s stock worth $459,756,000 after purchasing an additional 1,245,116 shares in the last quarter. State Street Corp increased its position in shares of Chart Industries by 3.2% during the second quarter. State Street Corp now owns 1,103,183 shares of the industrial products company’s stock worth $161,418,000 after buying an additional 34,466 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Chart Industries by 3.9% during the second quarter. Geode Capital Management LLC now owns 599,515 shares of the industrial products company’s stock worth $87,721,000 after acquiring an additional 22,769 shares in the last quarter.
Shares of Chart Industries stock opened at $131.06 on Friday. The business’s fifty day moving average price is $166.77 and its 200 day moving average price is $171.72. The stock has a market capitalization of $4.77 billion, a P/E ratio of 16.08 and a beta of 1.56. Chart Industries, Inc. has a twelve month low of $119.65 and a twelve month high of $206.29. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Wednesday, October 20th. The industrial products company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.29). The firm had revenue of $328.30 million during the quarter, compared to the consensus estimate of $346.10 million. Chart Industries had a net margin of 25.32% and a return on equity of 6.25%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. As a group, sell-side analysts predict that Chart Industries, Inc. will post 2.73 EPS for the current year.
Several research firms have recently weighed in on GTLS. BTIG Research lifted their target price on shares of Chart Industries from $165.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, September 24th. Stifel Nicolaus upped their target price on shares of Chart Industries from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, October 4th. Raymond James cut shares of Chart Industries from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 5th. Zacks Investment Research lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, January 5th. Finally, Morgan Stanley increased their target price on shares of Chart Industries from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $201.44.
Chart Industries Company Profile
Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.
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