Vanguard Group Inc. Purchases 310,641 Shares of Chart Industries, Inc. (NASDAQ:GTLS)
Vanguard Group Inc. boosted its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,842,890 shares of the industrial products company’s stock after buying an additional 310,641 shares during the period. Vanguard Group Inc. owned 0.13% of Chart Industries worth $134,271,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Chart Industries during the first quarter worth about $460,000. Suntrust Banks Inc. raised its stake in shares of Chart Industries by 0.7% in the first quarter. Suntrust Banks Inc. now owns 12,440 shares of the industrial products company’s stock worth $434,000 after buying an additional 82 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Chart Industries by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock worth $219,000 after buying an additional 168 shares in the last quarter. South Dakota Investment Council raised its stake in shares of Chart Industries by 83.6% in the first quarter. South Dakota Investment Council now owns 13,400 shares of the industrial products company’s stock worth $468,000 after buying an additional 6,100 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Chart Industries by 9.4% in the fourth quarter. State Street Corp now owns 722,191 shares of the industrial products company’s stock worth $26,014,000 after buying an additional 62,071 shares in the last quarter. 86.77% of the stock is currently owned by institutional investors and hedge funds.
Chart Industries, Inc. (GTLS) opened at 34.83 on Tuesday. The firm’s 50 day moving average price is $34.83 and its 200 day moving average price is $35.85. Chart Industries, Inc. has a 52-week low of $24.36 and a 52-week high of $40.87. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 35.98 and a beta of 1.28.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. The company had revenue of $204.10 million during the quarter, compared to analysts’ expectations of $198.57 million. Chart Industries had a return on equity of 5.56% and a net margin of 3.45%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share. Equities research analysts anticipate that Chart Industries, Inc. will post $0.75 EPS for the current fiscal year.
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A number of equities research analysts recently issued reports on GTLS shares. Zacks Investment Research raised Chart Industries from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, April 26th. Johnson Rice raised Chart Industries from a “hold” rating to a “buy” rating and lifted their target price for the company from $40.00 to $42.00 in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.14.
About Chart Industries
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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