First Trust Advisors LP bought a new position in shares of Chart Industries, Inc. (NASDAQ:GTLS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 32,466 shares of the industrial products company’s stock, valued at approximately $1,128,000. First Trust Advisors LP owned about 0.11% of Chart Industries at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Teachers Advisors LLC grew its stake in Chart Industries by 3.6% during the 4th quarter. Teachers Advisors LLC now owns 50,953 shares of the industrial products company’s stock valued at $1,835,000 after purchasing an additional 1,760 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Chart Industries by 5.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 42,176 shares of the industrial products company’s stock valued at $1,473,000 after purchasing an additional 2,221 shares during the last quarter. Suntrust Banks Inc. grew its stake in Chart Industries by 0.7% during the 1st quarter. Suntrust Banks Inc. now owns 12,440 shares of the industrial products company’s stock valued at $434,000 after purchasing an additional 82 shares during the last quarter. Comerica Bank grew its stake in Chart Industries by 3.6% during the 1st quarter. Comerica Bank now owns 35,139 shares of the industrial products company’s stock valued at $1,295,000 after purchasing an additional 1,224 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in Chart Industries by 11.0% during the 1st quarter. Gabelli Funds LLC now owns 55,500 shares of the industrial products company’s stock valued at $1,939,000 after purchasing an additional 5,500 shares during the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

Shares of Chart Industries, Inc. (GTLS) opened at 37.74 on Wednesday. Chart Industries, Inc. has a 1-year low of $27.01 and a 1-year high of $40.87. The stock has a market cap of $1.16 billion, a P/E ratio of 99.58 and a beta of 1.26. The firm’s 50-day moving average price is $34.33 and its 200 day moving average price is $34.74.

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 consensus estimate of $0.21. The company had revenue of $238.21 million for the quarter, compared to analyst estimates of $225.76 million. Chart Industries had a return on equity of 3.28% and a net margin of 1.35%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. On average, equities analysts expect that Chart Industries, Inc. will post $0.77 earnings per share for the current fiscal year.

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Several research firms have weighed in on GTLS. BidaskClub downgraded 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. Zacks Investment Research upgraded Chart Industries from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Johnson Rice upgraded 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. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Chart Industries currently has a consensus rating of “Hold” and a consensus 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.

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

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