Jennison Associates LLC lifted its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 13.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,483 shares of the industrial products company's stock after purchasing an additional 12,707 shares during the quarter. Jennison Associates LLC owned about 0.23% of Chart Industries worth $15,227,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Manhattan CO. LLC. raised its position in Chart Industries by 3.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after purchasing an additional 54 shares during the period. Xponance Inc. grew its stake in Chart Industries by 1.4% in the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock worth $883,000 after purchasing an additional 85 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Chart Industries by 1.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock worth $979,000 after purchasing an additional 98 shares in the last quarter. Global X Japan Co. Ltd. increased its holdings in Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after purchasing an additional 100 shares during the period. Finally, State of Michigan Retirement System raised its position in Chart Industries by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock valued at $1,458,000 after purchasing an additional 100 shares in the last quarter.
Wall Street Analysts Forecast Growth
GTLS has been the subject of several research reports. Stifel Nicolaus lowered their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley lowered their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, Barclays set a $169.00 price target on shares of Chart Industries and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chart Industries presently has an average rating of "Buy" and an average target price of $199.82.
Read Our Latest Report on GTLS
Chart Industries Price Performance
Shares of GTLS stock traded down $0.96 on Thursday, reaching $170.67. 554,537 shares of the company were exchanged, compared to its average volume of 723,423. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. The business has a 50-day moving average price of $159.38 and a 200 day moving average price of $164.69. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 0.67 and a beta of 1.68.
Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The company's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 earnings per share. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.
About Chart Industries
(
Free Report)
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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