Bank of Montreal Can Invests $5,349,000 in Chart Industries Inc. (GTLS)
Bank of Montreal Can bought a new stake in shares of Chart Industries Inc. (NASDAQ:GTLS) during the second quarter, Holdings Channel reports. The institutional investor bought 221,706 shares of the company’s stock, valued at approximately $5,349,000.
A number of other hedge funds also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. acquired a new position in Chart Industries during the first quarter valued at approximately $3,137,000. Prudential Financial Inc. increased its position in Chart Industries by 140.7% in the first quarter. Prudential Financial Inc. now owns 169,525 shares of the company’s stock valued at $3,682,000 after buying an additional 99,100 shares during the period. A.R.T. Advisors LLC increased its position in Chart Industries by 669.3% in the first quarter. A.R.T. Advisors LLC now owns 99,654 shares of the company’s stock valued at $2,164,000 after buying an additional 86,700 shares during the period. Canada Pension Plan Investment Board increased its position in Chart Industries by 86.1% in the first quarter. Canada Pension Plan Investment Board now owns 161,200 shares of the company’s stock valued at $3,501,000 after buying an additional 74,600 shares during the period. Finally, Avalon Advisors LLC acquired a new position in Chart Industries during the first quarter valued at approximately $1,274,000. Hedge funds and other institutional investors own 88.30% of the company’s stock.
Shares of Chart Industries Inc. (NASDAQ:GTLS) traded down 0.75% during midday trading on Tuesday, reaching $32.95. 346,182 shares of the company were exchanged. The company’s market capitalization is $1.01 billion. Chart Industries Inc. has a 52-week low of $13.27 and a 52-week high of $34.06. The stock’s 50-day moving average price is $31.34 and its 200-day moving average price is $26.94.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.60. Chart Industries had a negative net margin of 21.63% and a positive return on equity of 4.55%. The company earned $247.10 million during the quarter, compared to analyst estimates of $222.95 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. Analysts anticipate that Chart Industries Inc. will post $0.84 EPS for the current year.
Several research firms have recently issued reports on GTLS. Zacks Investment Research raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Gabelli began coverage on shares of Chart Industries in a research report on Tuesday. They set a “buy” rating and a $51.00 price objective for the company. Finally, Evercore ISI cut shares of Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.75.
About Chart Industries
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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