Principal Financial Group Inc. grew its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 802,907 shares of the industrial products company's stock after purchasing an additional 32,442 shares during the period. Principal Financial Group Inc. owned approximately 1.88% of Chart Industries worth $99,673,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of 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 purchased a new position in Chart Industries in the 2nd quarter valued at approximately $195,000. EFG Asset Management North America Corp. grew its stake in shares of Chart Industries by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company's stock worth $1,916,000 after acquiring an additional 63 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Chart Industries by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 391,497 shares of the industrial products company's stock worth $56,509,000 after acquiring an additional 15,496 shares during the period. Finally, Legato Capital Management LLC raised its stake in shares of Chart Industries by 3.8% in the second quarter. Legato Capital Management LLC now owns 3,820 shares of the industrial products company's stock valued at $551,000 after acquiring an additional 140 shares in the last quarter.
Chart Industries Stock Performance
Shares of GTLS traded up $4.04 during midday trading on Friday, reaching $184.83. 1,436,109 shares of the stock were exchanged, compared to its average volume of 670,391. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 53.57, a PEG ratio of 1.01 and a beta of 1.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $204.23. The business's 50-day moving average price is $164.38 and its 200 day moving average price is $144.04.
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 analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter last year, the business posted $1.28 earnings per share. The business's revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
GTLS has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. BTIG Research upped their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. The Goldman Sachs Group lifted their price target on shares of Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday. Bank of America dropped their price objective on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Finally, Stifel Nicolaus lifted their price objective on shares of Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $186.17.
Read Our Latest Research Report on GTLS
About Chart Industries
(
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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