Eagle Asset Management Inc. lifted its holdings in Chart Industries, Inc. (NASDAQ:GTLS) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,788,340 shares of the industrial products company’s stock after purchasing an additional 86,439 shares during the quarter. Eagle Asset Management Inc. owned 5.77% of Chart Industries worth $105,565,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC bought a new position in shares of Chart Industries in the first quarter worth $224,000. Doliver Capital Advisors LP acquired a new stake in shares of Chart Industries in the first quarter valued at $301,000. Thrivent Financial for Lutherans lifted its holdings in shares of Chart Industries by 8.7% in the first quarter. Thrivent Financial for Lutherans now owns 20,823 shares of the industrial products company’s stock valued at $1,229,000 after buying an additional 1,675 shares during the period. Aperio Group LLC lifted its holdings in shares of Chart Industries by 12.5% in the first quarter. Aperio Group LLC now owns 33,988 shares of the industrial products company’s stock valued at $2,006,000 after buying an additional 3,765 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Chart Industries in the first quarter valued at $682,000. 94.85% of the stock is owned by institutional investors.
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GTLS has been the subject of several research analyst reports. TheStreet upgraded Chart Industries from a “c” rating to a “b-” rating in a report on Friday, March 2nd. Zacks Investment Research upgraded Chart Industries from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, February 8th. Craig Hallum upgraded Chart Industries from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Lake Street Capital restated a “buy” rating and issued a $71.00 price objective (up previously from $64.00) on shares of Chart Industries in a report on Thursday, April 19th. Finally, ValuEngine upgraded Chart Industries from a “hold” rating to a “buy” rating in a report on Friday, April 6th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $62.17.
Shares of Chart Industries opened at $62.98 on Friday, according to MarketBeat Ratings. Chart Industries, Inc. has a 12 month low of $61.29 and a 12 month high of $62.15. The firm has a market cap of $1.93 billion, a PE ratio of 51.88, a P/E/G ratio of 1.23 and a beta of 1.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.70 and a quick ratio of 1.12.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, April 19th. The industrial products company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. Chart Industries had a return on equity of 5.20% and a net margin of 3.46%. The business had revenue of $279.70 million during the quarter, compared to the consensus estimate of $263.34 million. During the same period in the prior year, the business posted $0.01 earnings per share. Chart Industries’s revenue was up 37.0% compared to the same quarter last year. research analysts anticipate that Chart Industries, Inc. will post 1.89 earnings per share for the current fiscal 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.
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