DDD Partners LLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 20.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,710 shares of the industrial products company's stock after selling 14,721 shares during the quarter. DDD Partners LLC owned 0.13% of Chart Industries worth $8,187,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GTLS. Wolf Hill Capital Management LP acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $101,121,000. Norges Bank acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $88,609,000. Dimensional Fund Advisors LP boosted its position in Chart Industries by 37.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after acquiring an additional 291,520 shares during the last quarter. Engaged Capital LLC acquired a new stake in Chart Industries during the fourth quarter worth approximately $42,900,000. Finally, Frontier Capital Management Co. LLC boosted its position in Chart Industries by 920.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company's stock worth $44,670,000 after acquiring an additional 211,134 shares during the last quarter.
Analyst Ratings Changes
A number of analysts recently issued reports on GTLS shares. Wells Fargo & Company decreased their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley decreased their target price on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Barclays set a $169.00 target price on shares of Chart Industries and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Finally, Stifel Nicolaus decreased their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Chart Industries has a consensus rating of "Buy" and an average price target of $199.82.
Check Out Our Latest Stock Analysis on GTLS
Chart Industries Trading Up 0.2%
Shares of GTLS stock traded up $0.36 during mid-day trading on Friday, reaching $171.82. The company's stock had a trading volume of 547,194 shares, compared to its average volume of 786,421. The company's 50 day simple moving average is $159.61 and its 200-day simple moving average is $165.43. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $7.85 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.68.
Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $1.49 EPS. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. On average, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.
Chart Industries Profile
(
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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