Doliver Capital Advisors LP lessened its stake in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 48.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,247 shares of the industrial products company’s stock after selling 4,000 shares during the quarter. Doliver Capital Advisors LP’s holdings in Chart Industries were worth $333,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of GTLS. Millennium Management LLC lifted its position in shares of Chart Industries by 315.5% during the 1st quarter. Millennium Management LLC now owns 21,754 shares of the industrial products company’s stock worth $1,284,000 after buying an additional 16,519 shares during the last quarter. Legal & General Group Plc raised its position in Chart Industries by 2.2% in the 1st quarter. Legal & General Group Plc now owns 64,435 shares of the industrial products company’s stock valued at $3,784,000 after purchasing an additional 1,414 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Chart Industries in the 1st quarter valued at $333,000. Principal Financial Group Inc. raised its position in 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. Finally, Fisher Asset Management LLC purchased a new stake in Chart Industries in the 2nd quarter valued at $2,391,000. Institutional investors and hedge funds own 99.06% of the company’s stock.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. BidaskClub downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Northcoast Research reiterated a “buy” rating and issued a $91.00 price target on shares of Chart Industries in a research report on Friday, July 20th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $75.20.
GTLS stock opened at $70.46 on Tuesday. Chart Industries, Inc. has a 12 month low of $42.39 and a 12 month high of $80.31. The firm has a market capitalization of $2.21 billion, a P/E ratio of 35.72, a price-to-earnings-growth ratio of 1.21 and a beta of 1.24. The company has a quick ratio of 1.53, a current ratio of 2.13 and a debt-to-equity ratio of 0.60.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, October 18th. The industrial products company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.55 by $0.19. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The firm had revenue of $272.20 million during the quarter, compared to the consensus estimate of $314.52 million. During the same quarter in the prior year, the firm earned $0.22 EPS. Chart Industries’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, equities research analysts forecast that Chart Industries, Inc. will post 2.03 earnings per share for the current fiscal year.
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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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