GSA Capital Partners LLP Acquires New Holdings in Chart Industries, Inc. (GTLS)
GSA Capital Partners LLP acquired a new position in Chart Industries, Inc. (NASDAQ:GTLS) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 13,076 shares of the industrial products company’s stock, valued at approximately $807,000.
Several other hedge funds have also recently added to or reduced their stakes in GTLS. SG Americas Securities LLC acquired a new stake in shares of Chart Industries in the 1st quarter worth about $193,000. Summit Trail Advisors LLC grew its position in Chart Industries by 3,018.9% in the 1st quarter. Summit Trail Advisors LLC now owns 196,582 shares of the industrial products company’s stock valued at $197,000 after buying an additional 190,279 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of Chart Industries during the 2nd quarter valued at about $204,000. Wesbanco Bank Inc. bought a new position in shares of Chart Industries during the 1st quarter valued at about $207,000. Finally, D.A. Davidson & CO. bought a new position in shares of Chart Industries during the 1st quarter valued at about $212,000. 99.06% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on GTLS shares. BidaskClub upgraded shares of Chart Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 23rd. Lake Street Capital upped their price objective on shares of Chart Industries from $71.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, June 8th. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research note on Thursday, June 21st. Finally, Northcoast Research reaffirmed a “buy” rating and set a $91.00 price objective on shares of Chart Industries in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.67.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, July 19th. The industrial products company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. Chart Industries had a return on equity of 6.45% and a net margin of 4.04%. The company had revenue of $319.90 million for the quarter, compared to the consensus estimate of $299.54 million. During the same quarter last year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. analysts predict that Chart Industries, Inc. will post 2.03 earnings per share for the current year.
Chart Industries Profile
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
Further Reading: Average Daily Trade Volume – What You Need to Know
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