Manchester Capital Management LLC Acquires New Stake in Chart Industries, Inc. (GTLS)
Manchester Capital Management LLC acquired a new position in shares of Chart Industries, Inc. (NASDAQ:GTLS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,212 shares of the industrial products company’s stock, valued at approximately $110,000.
Other hedge funds also recently modified their holdings of the company. Redwood Investments LLC bought a new stake in shares of Chart Industries during the first quarter worth $13,601,000. Squarepoint Ops LLC increased its position in shares of Chart Industries by 294.4% during the fourth quarter. Squarepoint Ops LLC now owns 10,555 shares of the industrial products company’s stock worth $686,000 after acquiring an additional 7,879 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Chart Industries during the fourth quarter worth $10,391,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Chart Industries during the fourth quarter worth $772,000. Finally, Victory Capital Management Inc. increased its position in shares of Chart Industries by 393.3% during the fourth quarter. Victory Capital Management Inc. now owns 24,529 shares of the industrial products company’s stock worth $1,595,000 after acquiring an additional 19,557 shares in the last quarter.
GTLS has been the subject of several research reports. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Wednesday, February 6th. Gabelli downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. BidaskClub downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, Lake Street Capital increased their price objective on shares of Chart Industries to $109.00 and gave the stock a “buy” rating in a research report on Friday, February 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $90.39.
Chart Industries stock opened at $77.34 on Thursday. The firm has a market capitalization of $2.50 billion, a P/E ratio of 38.29 and a beta of 1.13. Chart Industries, Inc. has a 1-year low of $57.88 and a 1-year high of $95.66. The company has a quick ratio of 0.71, a current ratio of 1.11 and a debt-to-equity ratio of 0.36.
Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, April 18th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $289.30 million during the quarter, compared to the consensus estimate of $290.33 million. Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. On average, research analysts anticipate that Chart Industries, Inc. will post 2.95 earnings per share for the current year.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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