Barings LLC bought a new position in shares of Chart Industries, Inc. (NASDAQ:GTLS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,200 shares of the industrial products company’s stock, valued at approximately $204,000.
Several other hedge funds also recently added to or reduced their stakes in GTLS. SG Americas Securities LLC increased its stake in shares of Chart Industries by 42.7% during the second quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 1,992 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Chart Industries during the second quarter worth about $231,000. Crossmark Global Holdings Inc. acquired a new position in Chart Industries during the third quarter worth about $231,000. Municipal Employees Retirement System of Michigan boosted its position in Chart Industries by 3.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,240 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 240 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Chart Industries by 16.2% during the second quarter. Aperio Group LLC now owns 12,011 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 1,677 shares during the last quarter. 86.75% of the stock is owned by institutional investors and hedge funds.
Chart Industries, Inc. (GTLS) opened at $46.01 on Thursday. The firm has a market cap of $1,433.01, a PE ratio of 89.56, a P/E/G ratio of 2.77 and a beta of 1.32. Chart Industries, Inc. has a 52-week low of $32.04 and a 52-week high of $48.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 1.13.
Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. The company had revenue of $240.50 million for the quarter, compared to analyst estimates of $235.96 million. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. Chart Industries’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. analysts anticipate that Chart Industries, Inc. will post 0.84 EPS for the current fiscal year.
GTLS has been the topic of a number of recent research reports. Johnson Rice restated a “buy” rating and set a $48.00 price target (up from $42.00) on shares of Chart Industries in a research report on Monday, October 2nd. Northcoast Research upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Monday, October 9th. Cowen restated a “hold” rating and set a $40.00 price target on shares of Chart Industries in a research report on Sunday, October 22nd. Seaport Global Securities upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, October 27th. Finally, Lake Street Capital boosted their price target on shares of Chart Industries from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Chart Industries presently has a consensus rating of “Buy” and a consensus price target of $48.14.
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About Chart Industries
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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