Chart Industries, Inc. (GTLS) Stake Maintained by Broadview Investments B.V.
Broadview Investments B.V.
disclosed that they own 8.9% of Chart Industries, Inc. (NASDAQ:GTLS) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Wednesday, September 13th. The investor owns 2,750,852 shares of the stock worth about $98,810,604. The reporting parties listed on the disclosure included Broadview Investments BV, Broadview Holding BV, HAL Investments BV, HAL Investments Nederland BV, HAL International Investments Luxembourg Sàrl, HAL Investments Sàrl and HAL Holding NV. The filing is available through EDGAR at this hyperlink.
A number of other hedge funds have also recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Chart Industries in the 2nd quarter valued at approximately $1,181,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Chart Industries in the 2nd quarter valued at approximately $231,000. CS Mckee LP raised its stake in shares of Chart Industries by 2.0% in the 2nd quarter. CS Mckee LP now owns 36,125 shares of the industrial products company’s stock valued at $1,255,000 after acquiring an additional 700 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Chart Industries by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,756 shares of the industrial products company’s stock valued at $824,000 after acquiring an additional 215 shares during the period. Finally, BlueCrest Capital Management Ltd raised its stake in shares of Chart Industries by 41.0% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 106,230 shares of the industrial products company’s stock valued at $3,689,000 after acquiring an additional 30,894 shares during the period. 85.87% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Johnson Rice raised shares of Chart Industries from a “hold” rating to a “buy” rating and boosted their price target for the company from $40.00 to $42.00 in a research note on Thursday, June 29th. BidaskClub raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Cowen and Company set a $38.00 price target on shares of Chart Industries and gave the company a “hold” rating in a research note on Friday, August 4th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.43.
Shares of Chart Industries, Inc. (NASDAQ GTLS) traded up 0.45% on Wednesday, hitting $35.90. 178,666 shares of the company were exchanged. The firm has a market cap of $1.10 billion, a P/E ratio of 94.72 and a beta of 1.26. Chart Industries, Inc. has a 52-week low of $27.01 and a 52-week high of $40.87. The company has a 50-day moving average price of $34.01 and a 200 day moving average price of $34.72.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $238.21 million for the quarter, compared to analyst estimates of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. Analysts predict that Chart Industries, Inc. will post $0.77 EPS for the current fiscal year.
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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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