Geode Capital Management LLC increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 993,199 shares of the industrial products company's stock after purchasing an additional 19,534 shares during the period. Geode Capital Management LLC owned approximately 2.32% of Chart Industries worth $123,318,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Chart Industries by 3.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company's stock valued at $270,000 after purchasing an additional 64 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Chart Industries in the 2nd quarter valued at about $195,000. JB Capital LLC bought a new position in shares of Chart Industries in the 2nd quarter valued at about $1,256,000. EdgeRock Capital LLC purchased a new position in Chart Industries in the second quarter worth about $252,000. Finally, EFG Asset Management North America Corp. raised its position in Chart Industries by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company's stock valued at $1,916,000 after purchasing an additional 63 shares during the period.
Analyst Upgrades and Downgrades
GTLS has been the topic of a number of analyst reports. Raymond James reiterated a "strong-buy" rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Stifel Nicolaus boosted their target price on Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Barclays reduced their price target on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Finally, Bank of America dropped their price objective on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $181.42.
Check Out Our Latest Research Report on GTLS
Chart Industries Stock Down 5.9 %
Shares of NYSE GTLS traded down $11.55 during midday trading on Wednesday, reaching $184.96. 796,640 shares of the company's stock traded hands, compared to its average volume of 665,518. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 53.61, a P/E/G ratio of 1.01 and a beta of 1.86. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $204.23. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock's 50 day simple moving average is $160.93 and its 200-day simple moving average is $143.25.
Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm's revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business posted $1.28 EPS. On average, analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.
Chart Industries Profile
(
Free Report)
Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.
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