Spark Investment Management LLC Has $229,000 Position in Chart Industries, Inc. (GTLS)
Spark Investment Management LLC held its stake in Chart Industries, Inc. (NASDAQ:GTLS) during the second quarter, Holdings Channel reports. The institutional investor owned 6,600 shares of the industrial products company’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Chart Industries were worth $229,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. Teton Advisors Inc. acquired a new stake in Chart Industries during the first quarter worth $2,536,000. Comerica Bank boosted its stake in Chart Industries by 3.6% in the first quarter. Comerica Bank now owns 35,139 shares of the industrial products company’s stock worth $1,295,000 after buying an additional 1,224 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Chart Industries by 0.7% in the first quarter. Suntrust Banks Inc. now owns 12,440 shares of the industrial products company’s stock worth $434,000 after buying an additional 82 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in Chart Industries during the first quarter worth $549,000. Finally, Great West Life Assurance Co. Can boosted its stake in Chart Industries by 5.6% in the first quarter. Great West Life Assurance Co. Can now owns 42,176 shares of the industrial products company’s stock worth $1,473,000 after buying an additional 2,221 shares in the last quarter. Institutional investors own 85.98% of the company’s stock.
Chart Industries, Inc. (GTLS) opened at 33.70 on Wednesday. Chart Industries, Inc. has a 12 month low of $27.01 and a 12 month high of $40.87. The company has a 50-day moving average price of $34.68 and a 200 day moving average price of $35.43. The firm has a market cap of $1.04 billion, a PE ratio of 88.92 and a beta of 1.28.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $238.21 million for the quarter, compared to analyst estimates of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. Chart Industries’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities research analysts anticipate that Chart Industries, Inc. will post $0.77 EPS for the current year.
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A number of research firms have weighed in on GTLS. Zacks Investment Research cut Chart Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub cut Chart Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company set a $38.00 target price on Chart Industries and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, Johnson Rice upgraded Chart Industries from a “hold” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $42.00 in a research report on Thursday, June 29th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.43.
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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