Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,400 shares of the industrial products company’s stock after acquiring an additional 848 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Chart Industries were worth $580,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY lifted its position in Chart Industries by 7.3% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 9,941 shares of the industrial products company’s stock worth $613,000 after acquiring an additional 674 shares during the last quarter. MetLife Investment Advisors LLC raised its position in shares of Chart Industries by 8.7% during the second quarter. MetLife Investment Advisors LLC now owns 14,133 shares of the industrial products company’s stock valued at $872,000 after buying an additional 1,133 shares during the last quarter. Scout Investments Inc. raised its position in shares of Chart Industries by 2.2% during the third quarter. Scout Investments Inc. now owns 53,873 shares of the industrial products company’s stock valued at $4,220,000 after buying an additional 1,166 shares during the last quarter. First Trust Advisors LP raised its position in shares of Chart Industries by 19.5% during the third quarter. First Trust Advisors LP now owns 7,701 shares of the industrial products company’s stock valued at $603,000 after buying an additional 1,257 shares during the last quarter. Finally, Granite Investment Partners LLC raised its position in shares of Chart Industries by 0.5% during the second quarter. Granite Investment Partners LLC now owns 317,290 shares of the industrial products company’s stock valued at $19,571,000 after buying an additional 1,612 shares during the last quarter.
A number of brokerages have recently commented on GTLS. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. BidaskClub raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Evercore ISI raised shares of Chart Industries from an “in-line” rating to an “outperform” rating and set a $95.00 price objective for the company in a research report on Monday, December 3rd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Chart Industries has an average rating of “Buy” and an average price target of $78.50.
Shares of GTLS opened at $60.27 on Friday. The stock has a market cap of $1.96 billion, a PE ratio of 62.78, a P/E/G ratio of 1.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.13 and a quick ratio of 1.53. Chart Industries, Inc. has a 52 week low of $43.50 and a 52 week high of $80.31.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, October 18th. The industrial products company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.19. The business had revenue of $272.20 million during the quarter, compared to analyst estimates of $314.52 million. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. Equities analysts predict that Chart Industries, Inc. will post 2.04 EPS for the current year.
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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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