Chart Industries, Inc. (GTLS) Shares Sold by Pinebridge Investments L.P.
Pinebridge Investments L.P. lowered its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 5.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,949 shares of the industrial products company’s stock after selling 2,228 shares during the period. Pinebridge Investments L.P. owned about 0.12% of Chart Industries worth $1,450,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of GTLS. Barings LLC acquired a new stake in shares of Chart Industries during the third quarter worth about $204,000. SG Americas Securities LLC increased its position in shares of Chart Industries by 42.7% during the second quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 1,992 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Chart Industries during the second quarter worth about $231,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Chart Industries during the third quarter worth about $231,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Chart Industries by 3.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,240 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.
A number of analysts have recently commented on the company. BidaskClub cut Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. 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 research report on Friday, October 27th. Seaport Global Securities upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, October 27th. Johnson Rice restated a “buy” rating and issued a $48.00 price target (up previously from $42.00) on shares of Chart Industries in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $48.14.
Chart Industries, Inc. (NASDAQ:GTLS) opened at $45.99 on Friday. The stock has a market capitalization of $1,433.01, a PE ratio of 89.56, a P/E/G ratio of 2.77 and a beta of 1.32. Chart Industries, Inc. has a 52-week low of $32.04 and a 52-week high of $48.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.07. The firm had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $235.96 million. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. equities analysts expect that Chart Industries, Inc. will post 0.84 earnings per share for the current fiscal year.
About Chart Industries
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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