Acadian Asset Management LLC cut its stake in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 26.7% during the second quarter, Holdings Channel reports. The fund owned 47,792 shares of the industrial products company’s stock after selling 17,416 shares during the period. Acadian Asset Management LLC’s holdings in Chart Industries were worth $1,660,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Chart Industries by 8.8% in the first quarter. Vanguard Group Inc. now owns 3,842,890 shares of the industrial products company’s stock valued at $134,271,000 after buying an additional 310,641 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Chart Industries by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,089,590 shares of the industrial products company’s stock valued at $73,010,000 after buying an additional 201,528 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Chart Industries by 2.1% in the first quarter. Canada Pension Plan Investment Board now owns 309,000 shares of the industrial products company’s stock valued at $10,796,000 after buying an additional 6,300 shares during the last quarter. Granite Investment Partners LLC raised its position in Chart Industries by 10.4% in the first quarter. Granite Investment Partners LLC now owns 264,014 shares of the industrial products company’s stock valued at $9,225,000 after buying an additional 24,842 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Chart Industries by 12.2% in the first quarter. Geode Capital Management LLC now owns 256,239 shares of the industrial products company’s stock valued at $8,952,000 after buying an additional 27,916 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

Chart Industries, Inc. (NASDAQ:GTLS) traded up 2.01% during midday trading on Tuesday, reaching $34.94. 104,855 shares of the company’s stock traded hands. Chart Industries, Inc. has a 52-week low of $27.01 and a 52-week high of $40.87. The company’s 50-day moving average price is $34.71 and its 200-day moving average price is $35.70. The stock has a market cap of $1.07 billion, a P/E ratio of 92.19 and a beta of 1.28.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $238.21 million during the quarter, compared to analysts’ expectations of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. On average, equities analysts predict that Chart Industries, Inc. will post $0.79 EPS for the current fiscal year.

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Several equities analysts recently issued reports on GTLS shares. Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, April 26th. BidaskClub lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Cowen and Company set a $38.00 target price on shares of Chart Industries and gave the company a “hold” rating in a report on Friday. Finally, Johnson Rice upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.00 to $42.00 in a report on Thursday, June 29th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $40.43.

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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Institutional Ownership by Quarter for Chart Industries (NASDAQ:GTLS)

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