Victory Capital Management Inc. purchased a new stake in Chart Industries, Inc. (NASDAQ:GTLS) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 473,966 shares of the industrial products company’s stock, valued at approximately $27,979,000. Victory Capital Management Inc. owned about 1.53% of Chart Industries at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Parametrica Management Ltd purchased a new stake in shares of Chart Industries in the 1st quarter worth about $372,000. American Century Companies Inc. acquired a new stake in Chart Industries during the 1st quarter worth approximately $6,571,000. SG Americas Securities LLC acquired a new stake in Chart Industries during the 1st quarter worth approximately $193,000. CIBC Asset Management Inc acquired a new stake in Chart Industries during the 1st quarter worth approximately $239,000. Finally, Comerica Bank increased its position in Chart Industries by 40.1% during the 1st quarter. Comerica Bank now owns 45,960 shares of the industrial products company’s stock worth $2,812,000 after purchasing an additional 13,144 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.
Several brokerages have issued reports on GTLS. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Friday, February 23rd. Seaport Global Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Chart Industries in a research note on Friday, April 20th. ValuEngine raised Chart Industries from a “hold” rating to a “buy” rating in a report on Friday, April 6th. BidaskClub raised Chart Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, TheStreet raised Chart Industries from a “c” rating to a “b-” rating in a research note on Friday, March 2nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $62.17.
Shares of GTLS stock opened at $64.06 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $2.02 billion, a P/E ratio of 66.73, a P/E/G ratio of 1.29 and a beta of 1.07. Chart Industries, Inc. has a one year low of $32.04 and a one year high of $66.20.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, April 19th. The industrial products company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Chart Industries had a return on equity of 5.20% and a net margin of 3.46%. The company had revenue of $279.70 million for the quarter, compared to analyst estimates of $263.34 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s revenue was up 37.0% on a year-over-year basis. research analysts expect that Chart Industries, Inc. will post 1.89 earnings per share for the current fiscal year.
Chart Industries Profile
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
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