Sterling Capital Management LLC purchased a new stake in shares of Chart Industries, Inc. (NASDAQ:GTLS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 35,212 shares of the industrial products company’s stock, valued at approximately $2,172,000.
A number of other hedge funds have also made changes to their positions in the business. Millennium Management LLC purchased a new position in shares of Chart Industries during the 4th quarter worth $245,000. Comerica Bank lifted its stake in shares of Chart Industries by 40.1% during the 1st quarter. Comerica Bank now owns 45,960 shares of the industrial products company’s stock worth $2,812,000 after purchasing an additional 13,144 shares during the period. SG Americas Securities LLC purchased a new position in shares of Chart Industries during the 1st quarter worth $193,000. American Century Companies Inc. purchased a new position in shares of Chart Industries during the 1st quarter worth $6,571,000. Finally, Prudential Financial Inc. lifted its stake in shares of Chart Industries by 2.4% during the 1st quarter. Prudential Financial Inc. now owns 52,325 shares of the industrial products company’s stock worth $3,089,000 after purchasing an additional 1,210 shares during the period. Institutional investors and hedge funds own 99.06% of the company’s stock.
Shares of Chart Industries stock opened at $77.69 on Friday. Chart Industries, Inc. has a fifty-two week low of $34.65 and a fifty-two week high of $80.31. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 80.93, a price-to-earnings-growth ratio of 1.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.68.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, July 19th. The industrial products company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The company had revenue of $319.90 million for the quarter, compared to analyst estimates of $299.54 million. Chart Industries had a return on equity of 6.45% and a net margin of 4.04%. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. analysts expect that Chart Industries, Inc. will post 2.03 earnings per share for the current fiscal year.
GTLS has been the topic of a number of recent analyst reports. BidaskClub lowered Chart Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 16th. Lake Street Capital increased their price target on Chart Industries from $71.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, June 8th. Northcoast Research reissued a “buy” rating and set a $91.00 price target on shares of Chart Industries in a research note on Friday, July 20th. Finally, Zacks Investment Research raised Chart Industries from a “hold” rating to a “strong-buy” rating and set a $75.00 price target on the stock in a research note on Thursday, June 21st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $70.67.
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.
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