Citigroup Inc. cut its stake in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 44.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,808 shares of the industrial products company’s stock after selling 14,765 shares during the period. Citigroup Inc.’s holdings in Chart Industries were worth $1,702,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in GTLS. Quadrant Capital Group LLC grew its position in Chart Industries by 416.9% during the first quarter. Quadrant Capital Group LLC now owns 336 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 271 shares in the last quarter. Parallel Advisors LLC purchased a new position in Chart Industries during the first quarter valued at approximately $29,000. Manchester Capital Management LLC purchased a new position in Chart Industries during the first quarter valued at approximately $110,000. Advisors Preferred LLC purchased a new position in Chart Industries during the first quarter valued at approximately $115,000. Finally, Strs Ohio purchased a new position in Chart Industries during the first quarter valued at approximately $199,000.
NASDAQ GTLS opened at $75.30 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 37.28 and a beta of 1.19. Chart Industries, Inc. has a 12-month low of $57.88 and a 12-month high of $95.66.
Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, April 18th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). The business had revenue of $289.30 million during the quarter, compared to analyst estimates of $290.33 million. Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. Chart Industries’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. As a group, analysts anticipate that Chart Industries, Inc. will post 3.06 EPS for the current fiscal year.
GTLS has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Tuesday, March 5th. Finally, ValuEngine downgraded shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Chart Industries currently has a consensus rating of “Buy” and a consensus target price of $87.14.
In other Chart Industries news, CAO Michael Schmit sold 464 shares of Chart Industries stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $92.65, for a total value of $42,989.60. Following the completion of the sale, the chief accounting officer now directly owns 1,125 shares in the company, valued at $104,231.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by insiders.
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Chart Industries 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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