Kopp Investment Advisors LLC trimmed its stake in Chart Industries, Inc. (NASDAQ:GTLS) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,877 shares of the industrial products company’s stock after selling 2,004 shares during the period. Chart Industries comprises about 1.7% of Kopp Investment Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Kopp Investment Advisors LLC owned about 0.12% of Chart Industries worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Amalgamated Bank acquired a new stake in shares of Chart Industries during the 4th quarter valued at about $207,000. Moody National Bank Trust Division bought a new position in shares of Chart Industries in the fourth quarter worth about $228,000. Sheets Smith Wealth Management bought a new position in shares of Chart Industries in the fourth quarter worth about $239,000. Barings LLC bought a new stake in shares of Chart Industries during the third quarter worth approximately $204,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Chart Industries during the third quarter valued at approximately $231,000. Institutional investors own 94.45% of the company’s stock.
Shares of Chart Industries stock traded down $1.55 during trading on Monday, reaching $58.32. 40,205 shares of the company’s stock were exchanged, compared to its average volume of 298,436. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.64 and a quick ratio of 1.10. Chart Industries, Inc. has a 12-month low of $32.04 and a 12-month high of $61.75. The firm has a market capitalization of $1,851.28, a P/E ratio of 61.09, a price-to-earnings-growth ratio of 1.29 and a beta of 1.19.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.15. The firm had revenue of $306.00 million during the quarter, compared to analyst estimates of $282.19 million. Chart Industries had a net margin of 2.84% and a return on equity of 4.44%. The business’s revenue was up 42.7% on a year-over-year basis. research analysts forecast that Chart Industries, Inc. will post 1.85 earnings per share for the current year.
Several research analysts have recently weighed in on GTLS shares. TheStreet upgraded shares of Chart Industries from a “c” rating to a “b-” rating in a report on Friday, March 2nd. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Friday, February 23rd. BidaskClub lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Craig Hallum raised shares of Chart Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, Alembic Global Advisors reissued a “hold” rating on shares of Chart Industries in a research report on Thursday, March 8th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Chart Industries has an average rating of “Buy” and a consensus price target of $54.83.
WARNING: This piece was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://ledgergazette.com/2018/03/19/chart-industries-inc-gtls-position-cut-by-kopp-investment-advisors-llc.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.
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.