Principal Financial Group Inc. reduced its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 688,601 shares of the industrial products company's stock after selling 31,122 shares during the quarter. Principal Financial Group Inc. owned about 1.53% of Chart Industries worth $99,406,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares during the period. Charles Schwab Investment Management Inc. raised its position in Chart Industries by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 518,085 shares of the industrial products company's stock valued at $98,871,000 after purchasing an additional 16,197 shares during the period. Assetmark Inc. raised its position in Chart Industries by 3.0% in the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock valued at $417,000 after purchasing an additional 64 shares during the period. Atria Investments Inc raised its position in Chart Industries by 20.0% in the fourth quarter. Atria Investments Inc now owns 4,121 shares of the industrial products company's stock valued at $786,000 after purchasing an additional 687 shares during the period. Finally, M&T Bank Corp raised its position in Chart Industries by 51.1% in the fourth quarter. M&T Bank Corp now owns 2,805 shares of the industrial products company's stock valued at $535,000 after purchasing an additional 948 shares during the period.
Chart Industries Stock Up 2.4%
NYSE:GTLS traded up $4.00 during mid-day trading on Tuesday, reaching $167.62. The stock had a trading volume of 772,416 shares, compared to its average volume of 788,457. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.68. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The stock's 50 day simple moving average is $156.95 and its two-hundred day simple moving average is $166.53. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21.
Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 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 the consensus estimate of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The company's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have commented on GTLS shares. Wells Fargo & Company cut their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. TD Cowen lowered their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their target price on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Barclays raised their target price on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $200.00.
Check Out Our Latest Stock Analysis on Chart Industries
Chart Industries Company 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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