Russell Investments Group Ltd. reduced its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 73.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,563 shares of the industrial products company's stock after selling 99,679 shares during the period. Russell Investments Group Ltd. owned 0.08% of Chart Industries worth $5,278,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Manhattan CO. LLC. lifted its position in Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after acquiring an additional 54 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Chart Industries by 1.4% during the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock valued at $883,000 after purchasing an additional 85 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Chart Industries by 1.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock worth $979,000 after purchasing an additional 98 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in Chart Industries by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock worth $1,458,000 after buying an additional 100 shares during the last quarter.
Analysts Set New Price Targets
A number of research firms recently commented on GTLS. 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 note on Wednesday, May 28th. Cowen downgraded shares of Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. TD Cowen lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Morgan Stanley reduced 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. Finally, Hsbc Global Res raised Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $202.00.
Read Our Latest Research Report on GTLS
Chart Industries Stock Performance
Shares of NYSE:GTLS traded down $0.40 during midday trading on Wednesday, reaching $198.00. The company's stock had a trading volume of 1,222,315 shares, compared to its average volume of 4,553,259. The firm has a market capitalization of $8.90 billion, a PE ratio of 36.80, a P/E/G ratio of 1.15 and a beta of 1.59. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock has a fifty day moving average of $179.33 and a 200 day moving average of $162.71. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04.
Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. On average, equities analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.
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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