Granite Investment Partners LLC increased its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 270,262 shares of the industrial products company’s stock after buying an additional 6,248 shares during the period. Granite Investment Partners LLC’s holdings in Chart Industries were worth $9,386,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of 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 worth $134,271,000 after buying an additional 310,641 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $73,010,000 after buying an additional 201,528 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of 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 worth $10,796,000 after buying an additional 6,300 shares during the period. Rothschild Asset Management Inc. boosted its stake in shares of Chart Industries by 0.5% in the second quarter. Rothschild Asset Management Inc. now owns 258,901 shares of the industrial products company’s stock worth $8,992,000 after buying an additional 1,251 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of 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 worth $8,952,000 after buying an additional 27,916 shares during the period. 85.88% of the stock is owned by institutional investors.

Chart Industries, Inc. (NASDAQ GTLS) opened at 33.90 on Friday. The company has a 50 day moving average price of $34.59 and a 200 day moving average price of $35.57. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 89.45 and a beta of 1.28. Chart Industries, Inc. has a 12 month low of $27.01 and a 12 month high of $40.87.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 the consensus estimate of $225.76 million. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post $0.77 earnings per share for the current fiscal year.

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GTLS has been the subject of a number of recent analyst reports. Zacks Investment Research raised 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. BidaskClub cut Chart Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company set a $38.00 price target on Chart Industries and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, Johnson Rice raised Chart Industries from a “hold” rating to a “buy” rating and upped their price target for the company from $40.00 to $42.00 in a research note 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 company. The company has a consensus rating of “Hold” and a consensus 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.

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

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