PEAK6 Investments L.P. bought a new stake in Chart Industries, Inc. (NASDAQ:GTLS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,006 shares of the industrial products company’s stock, valued at approximately $393,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Cramer Rosenthal Mcglynn LLC acquired a new position in Chart Industries in the 3rd quarter valued at $8,409,000. Dimensional Fund Advisors LP raised its holdings in Chart Industries by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,431,180 shares of the industrial products company’s stock valued at $95,375,000 after acquiring an additional 80,677 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Chart Industries by 7.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 239,213 shares of the industrial products company’s stock valued at $9,385,000 after acquiring an additional 16,034 shares during the last quarter. Barings LLC acquired a new position in Chart Industries in the 3rd quarter valued at $204,000. Finally, SG Capital Management LLC acquired a new position in Chart Industries in the 3rd quarter valued at $13,381,000. Institutional investors own 86.75% of the company’s stock.
GTLS has been the subject of several analyst reports. BidaskClub downgraded Chart Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Northcoast Research upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a report on Monday, October 9th. Johnson Rice reiterated a “buy” rating and issued a $48.00 price target (up from $42.00) on shares of Chart Industries in a report on Monday, October 2nd. Lake Street Capital boosted their price target on Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Seaport Global Securities upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $48.14.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $240.50 million during the quarter, compared to the consensus estimate of $235.96 million. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. research analysts predict that Chart Industries, Inc. will post 0.84 earnings per share for the current year.
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Chart Industries 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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