United Services Automobile Association grew its holdings in Chart Industries, Inc. (NASDAQ:GTLS) by 1,591.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,053 shares of the industrial products company’s stock after purchasing an additional 85,670 shares during the quarter. United Services Automobile Association’s holdings in Chart Industries were worth $5,616,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. OppenheimerFunds Inc. boosted its stake in shares of Chart Industries by 80.2% in the 2nd quarter. OppenheimerFunds Inc. now owns 236,721 shares of the industrial products company’s stock valued at $14,600,000 after purchasing an additional 105,347 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Chart Industries in the 2nd quarter valued at about $216,000. Principal Financial Group Inc. boosted its stake in shares of Chart Industries by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 246,903 shares of the industrial products company’s stock valued at $14,575,000 after purchasing an additional 8,190 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Chart Industries in the 2nd quarter valued at about $524,000. Finally, Trexquant Investment LP bought a new position in shares of Chart Industries in the 2nd quarter valued at about $539,000. 99.06% of the stock is currently owned by institutional investors.
Chart Industries stock opened at $65.07 on Friday. Chart Industries, Inc. has a fifty-two week low of $41.32 and a fifty-two week high of $80.31. The company has a market cap of $2.43 billion, a P/E ratio of 67.86, a PEG ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.68.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, July 19th. The industrial products company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. Chart Industries had a net margin of 4.04% and a return on equity of 6.45%. The business had revenue of $319.90 million for the quarter, compared to analyst estimates of $299.54 million. During the same quarter last year, the firm earned $0.21 EPS. Chart Industries’s quarterly revenue was up 34.3% compared to the same quarter last year. Analysts expect that Chart Industries, Inc. will post 2.03 EPS for the current fiscal year.
Several research analysts have recently issued reports on GTLS shares. BidaskClub raised shares of Chart Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective on the stock in a research note on Thursday, June 21st. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Chart Industries currently has an average rating of “Buy” and a consensus target price of $75.20.
Chart Industries Profile
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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