Chart Industries, Inc. (GTLS) Stake Boosted by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,763 shares of the industrial products company’s stock after purchasing an additional 3,685 shares during the period. Rhumbline Advisers owned approximately 0.22% of Chart Industries worth $2,658,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,350,503 shares of the industrial products company’s stock valued at $81,633,000 after purchasing an additional 260,913 shares in the last quarter. Pzena Investment Management LLC raised its position in Chart Industries by 2.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,353,367 shares of the industrial products company’s stock valued at $53,093,000 after buying an additional 37,964 shares during the last quarter. State Street Corp raised its position in Chart Industries by 3.9% in the 2nd quarter. State Street Corp now owns 740,294 shares of the industrial products company’s stock valued at $25,707,000 after buying an additional 27,558 shares during the last quarter. Northern Trust Corp raised its position in Chart Industries by 7.7% in the 2nd quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock valued at $23,178,000 after buying an additional 47,728 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Chart Industries by 0.8% in the 2nd quarter. Principal Financial Group Inc. now owns 240,999 shares of the industrial products company’s stock valued at $8,370,000 after buying an additional 1,968 shares during the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.

A number of equities research analysts recently issued reports on GTLS shares. Cowen reissued a “hold” rating and issued a $40.00 target price on shares of Chart Industries in a research report on Sunday, October 22nd. Zacks Investment Research raised Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, November 1st. BidaskClub lowered Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Seaport Global Securities raised Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, October 27th. Finally, Lake Street Capital lifted their target price on Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.14.

Shares of Chart Industries, Inc. (NASDAQ GTLS) opened at $45.65 on Friday. Chart Industries, Inc. has a 1 year low of $32.04 and a 1 year high of $48.78. The stock has a market capitalization of $1,415.16, a P/E ratio of 88.44, a P/E/G ratio of 2.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74.

Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.07. The firm had revenue of $240.50 million for the quarter, compared to analyst estimates of $235.96 million. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. equities analysts expect that Chart Industries, Inc. will post 0.84 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/12/10/chart-industries-inc-gtls-stake-boosted-by-rhumbline-advisers.html.

Chart Industries Company Profile

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

Want to see what other hedge funds are holding GTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chart Industries, Inc. (NASDAQ:GTLS).

Institutional Ownership by Quarter for Chart Industries (NASDAQ:GTLS)

Receive News & Ratings for Chart Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply