South Dakota Investment Council cut its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 34.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,870 shares of the industrial products company's stock after selling 2,000 shares during the period. South Dakota Investment Council's holdings in Chart Industries were worth $559,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. 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 bought a new stake in Chart Industries during the 4th quarter worth approximately $88,609,000. Dimensional Fund Advisors LP grew its holdings in shares of Chart Industries by 37.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after purchasing an additional 291,520 shares during the last quarter. Engaged Capital LLC bought a new position in shares of Chart Industries during the 4th quarter valued at $42,900,000. Finally, Frontier Capital Management Co. LLC grew 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 valued at $44,670,000 after buying an additional 211,134 shares during the period.
Chart Industries Price Performance
Shares of GTLS stock opened at $167.82 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. The company has a market capitalization of $7.67 billion, a P/E ratio of 33.90, a P/E/G ratio of 0.67 and a beta of 1.68. The company's 50-day simple moving average is $159.61 and its two-hundred day simple moving average is $165.08. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03.
Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company posted $1.49 earnings per share. Chart Industries's quarterly revenue was up 38.8% on a year-over-year basis. As a group, equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on GTLS. The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Barclays set a $169.00 price objective on shares of Chart Industries and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Stifel Nicolaus dropped 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. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Finally, Morgan Stanley dropped their target price on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries has a consensus rating of "Buy" and an average price target of $199.82.
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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