Perpetual Ltd acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 652,888 shares of the industrial products company's stock, valued at approximately $107,498,000. Chart Industries comprises approximately 1.3% of Perpetual Ltd's investment portfolio, making the stock its 20th largest position. Perpetual Ltd owned 1.43% of Chart Industries at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global X Japan Co. Ltd. boosted its stake in shares of Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Chart Industries during the first quarter valued at approximately $25,000. Brooklyn Investment Group boosted its stake in shares of Chart Industries by 19,900.0% in the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after buying an additional 199 shares during the last quarter. SVB Wealth LLC purchased a new position in Chart Industries in the first quarter worth $30,000. Finally, Atticus Wealth Management LLC purchased a new stake in shares of Chart Industries during the 2nd quarter valued at approximately $34,000.
Chart Industries Stock Down 0.2%
Chart Industries stock traded down $0.44 during trading on Friday, reaching $199.39. 1,389,979 shares of the company's stock were exchanged, compared to its average volume of 1,239,662. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.15 and a beta of 1.67. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The company's 50-day moving average is $192.44 and its two-hundred day moving average is $164.08.
Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.
Analysts Set New Price Targets
GTLS has been the subject of several research analyst reports. UBS Group reissued a "neutral" rating and set a $210.00 price objective (down previously from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a report on Wednesday, July 30th. Citigroup cut Chart Industries from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. BTIG Research downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Johnson Rice lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a report on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of "Hold" and a consensus price target of $202.00.
Read Our Latest Stock Report on Chart Industries
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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