ClariVest Asset Management LLC grew its position in Chart Industries, Inc. (NYSE:GTLS – Free Report) by 45.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,885 shares of the industrial products company’s stock after purchasing an additional 5,875 shares during the period. ClariVest Asset Management LLC’s holdings in Chart Industries were worth $2,726,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. 1492 Capital Management LLC purchased a new position in Chart Industries in the fourth quarter worth $1,509,000. GW&K Investment Management LLC grew its holdings in Chart Industries by 13.0% in the fourth quarter. GW&K Investment Management LLC now owns 393,223 shares of the industrial products company’s stock worth $53,608,000 after purchasing an additional 45,215 shares during the last quarter. Greenwood Capital Associates LLC grew its holdings in Chart Industries by 21.6% in the fourth quarter. Greenwood Capital Associates LLC now owns 84,962 shares of the industrial products company’s stock worth $11,583,000 after purchasing an additional 15,078 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Chart Industries by 49.3% during the fourth quarter. Stifel Financial Corp now owns 125,543 shares of the industrial products company’s stock worth $17,115,000 after buying an additional 41,446 shares during the period. Finally, Perpetual Ltd lifted its stake in shares of Chart Industries by 24.0% during the first quarter. Perpetual Ltd now owns 543,933 shares of the industrial products company’s stock worth $89,597,000 after buying an additional 105,236 shares during the period.
Analyst Ratings Changes
Several research firms have recently commented on GTLS. The Goldman Sachs Group lowered their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company lowered their price objective on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Barclays lowered their price objective on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Bank of America boosted their target price on shares of Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and an average target price of $187.46.
Chart Industries Trading Down 3.1 %
Shares of Chart Industries stock opened at $106.67 on Wednesday. The firm has a 50-day simple moving average of $134.01 and a two-hundred day simple moving average of $144.37. The company has a market cap of $4.57 billion, a P/E ratio of 106.67, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. Chart Industries, Inc. has a fifty-two week low of $104.33 and a fifty-two week high of $179.43. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27.
Chart Industries (NYSE:GTLS – Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company posted $1.19 EPS. As a group, equities analysts predict that Chart Industries, Inc. will post 10.57 earnings per share for the current fiscal year.
Insider Transactions at Chart Industries
In related news, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.95% of the company’s stock.
Chart Industries Profile
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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