Federated Hermes Inc. Purchases 38,278 Shares of Chart Industries, Inc. (NYSE:GTLS)

Federated Hermes Inc. increased its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 9.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 444,413 shares of the industrial products company's stock after acquiring an additional 38,278 shares during the period. Federated Hermes Inc. owned about 0.99% of Chart Industries worth $64,155,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC grew its position in shares of Chart Industries by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock valued at $307,046,000 after buying an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after buying an additional 291,520 shares during the last quarter. Northern Trust Corp grew its position in shares of Chart Industries by 23.4% in the 4th quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock valued at $122,051,000 after buying an additional 121,259 shares during the last quarter. Wolf Hill Capital Management LP bought a new stake in shares of Chart Industries in the 4th quarter valued at about $101,121,000. Finally, Norges Bank bought a new stake in shares of Chart Industries in the 4th quarter valued at about $88,609,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on GTLS shares. Craig Hallum lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Morgan Stanley dropped their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Barclays dropped their price objective on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Johnson Rice set a $210.00 price objective on Chart Industries and gave the company a "hold" rating in a research note on Wednesday. Finally, Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chart Industries has a consensus rating of "Hold" and an average price target of $202.00.

Chart Industries Stock Performance

Shares of GTLS stock traded down $0.08 during trading on Friday, hitting $198.75. The company's stock had a trading volume of 12,015,201 shares, compared to its average volume of 2,491,437. The company has a market cap of $8.93 billion, a PE ratio of 36.94, a P/E/G ratio of 0.78 and a beta of 1.68. The company has a current ratio of 1.55, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The business has a fifty day moving average of $162.50 and a 200-day moving average of $164.25. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Chart Industries Company 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.