State Street Corp reduced its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 712,736 shares of the industrial products company’s stock after selling 9,455 shares during the period. State Street Corp owned approximately 2.32% of Chart Industries worth $24,896,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State of Alaska Department of Revenue increased its position in Chart Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after buying an additional 80 shares during the last quarter. SG Americas Securities LLC increased its position in Chart Industries by 29.1% in the first quarter. SG Americas Securities LLC now owns 4,665 shares of the industrial products company’s stock valued at $163,000 after buying an additional 1,052 shares during the last quarter. Invictus RG purchased a new position in Chart Industries during the first quarter valued at $180,000. Envestnet Asset Management Inc. increased its position in 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 valued at $219,000 after buying an additional 168 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in Chart Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 7,176 shares of the industrial products company’s stock valued at $251,000 after buying an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Chart Industries, Inc. (NASDAQ GTLS) traded up 1.43% on Tuesday, hitting $34.74. The stock had a trading volume of 22,417 shares. Chart Industries, Inc. has a 52 week low of $27.01 and a 52 week high of $40.87. The firm has a 50-day moving average of $34.71 and a 200 day moving average of $35.70. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 91.66 and a beta of 1.28.

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

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GTLS has been the subject of several research reports. Zacks Investment Research upgraded Chart Industries from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, April 26th. Johnson Rice upgraded Chart Industries from a “hold” rating to a “buy” rating and increased their price target for the stock from $40.00 to $42.00 in a research note on Thursday, June 29th. Cowen and Company set a $38.00 price target on Chart Industries and gave the stock a “hold” rating in a research note on Friday. Finally, BidaskClub upgraded Chart Industries from a “sell” rating to a “hold” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.43.

Chart Industries Company Profile

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.

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

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