Parametric Portfolio Associates LLC increased its position in Chart Industries, Inc. (NASDAQ:GTLS) by 26.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,273 shares of the industrial products company’s stock after purchasing an additional 21,885 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Chart Industries were worth $9,529,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC bought a new position in Chart Industries in the first quarter worth $29,000. Quadrant Capital Group LLC lifted its position in Chart Industries by 416.9% in the first quarter. Quadrant Capital Group LLC now owns 336 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 271 shares during the period. Manchester Capital Management LLC bought a new position in Chart Industries in the first quarter worth $110,000. Advisors Preferred LLC bought a new position in Chart Industries in the first quarter worth $115,000. Finally, Strs Ohio bought a new position in Chart Industries in the first quarter worth $199,000.
In other news, CAO Michael Schmit sold 464 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.
A number of brokerages have issued reports on GTLS. Zacks Investment Research raised Chart Industries from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Wednesday, April 10th. ValuEngine cut Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, May 24th. BidaskClub cut Chart Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Lake Street Capital lifted their price objective on Chart Industries to $109.00 and gave the company a “buy” rating in a report on Friday, February 15th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Chart Industries presently has a consensus rating of “Buy” and a consensus target price of $87.14.
Shares of NASDAQ GTLS opened at $75.30 on Friday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 37.28 and a beta of 1.19. Chart Industries, Inc. has a 52-week low of $57.88 and a 52-week high of $95.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.71.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data 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 company had revenue of $289.30 million for the quarter, compared to the consensus estimate of $290.33 million. Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. As a group, sell-side analysts predict that Chart Industries, Inc. will post 3.11 earnings per share for the current year.
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Chart Industries Company 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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