Envestnet Asset Management Inc. lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 7.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,617 shares of the industrial products company's stock after buying an additional 3,948 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.13% of Chart Industries worth $8,318,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Chart Industries by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock worth $820,115,000 after buying an additional 59,889 shares during the last quarter. Janus Henderson Group PLC increased its holdings 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 worth $307,046,000 after buying an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 worth $203,178,000 after buying an additional 291,520 shares during the last quarter. Northern Trust Corp increased its holdings 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 worth $122,051,000 after buying an additional 121,259 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new stake in shares of Chart Industries in the 4th quarter worth about $101,121,000.
Chart Industries Trading Up 0.2%
Chart Industries stock traded up $0.28 during trading hours on Friday, hitting $170.76. The company had a trading volume of 34,445 shares, compared to its average volume of 770,105. The company has a 50-day moving average price of $159.38 and a two-hundred day moving average price of $164.69. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The firm has a market cap of $7.80 billion, a P/E ratio of 34.48, a P/E/G ratio of 0.67 and a beta of 1.68. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51.
Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations 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 was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 EPS. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Morgan Stanley dropped their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Stifel Nicolaus dropped 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 note on Tuesday, April 22nd. Wells Fargo & Company dropped their price target 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. Finally, Barclays dropped their price target on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Two equities research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $199.82.
View Our Latest Analysis on Chart Industries
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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