Rothschild Asset Management Inc. Reduces Holdings in Chart Industries, Inc. (GTLS)
Rothschild Asset Management Inc. cut its position in Chart Industries, Inc. (NASDAQ:GTLS) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,440 shares of the industrial products company’s stock after selling 4,461 shares during the quarter. Rothschild Asset Management Inc. owned 0.83% of Chart Industries worth $9,982,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Chart Industries by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 6,063 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 2,673 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Chart Industries by 42.7% in the second quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock valued at $231,000 after buying an additional 1,992 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Chart Industries in the second quarter valued at about $231,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Chart Industries in the third quarter valued at about $231,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Chart Industries by 3.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,240 shares of the industrial products company’s stock valued at $251,000 after buying an additional 240 shares during the period. Hedge funds and other institutional investors own 89.47% of the company’s stock.
Shares of Chart Industries, Inc. (NASDAQ GTLS) opened at $46.58 on Friday. Chart Industries, Inc. has a one year low of $32.04 and a one year high of $46.75. The company has a market capitalization of $1,425.01, a P/E ratio of 89.06, a P/E/G ratio of 2.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 1.13.
Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The business had revenue of $240.50 million during the quarter, compared to analysts’ expectations of $235.96 million. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. analysts forecast that Chart Industries, Inc. will post 0.84 EPS for the current fiscal year.
GTLS has been the subject of several recent research reports. Lake Street Capital increased their price target on Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Seaport Global Securities raised Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, October 27th. Northcoast Research raised Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Monday, October 9th. Johnson Rice reissued a “buy” rating and issued a $48.00 price target (up previously from $42.00) on shares of Chart Industries in a research note on Monday, October 2nd. Finally, Cowen Inc set a $38.00 price target on Chart Industries and gave the company a “hold” rating in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $48.14.
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Chart Industries Company Profile
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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