Ensign Peak Advisors Inc trimmed its stake in Chart Industries, Inc. (NYSE:GTLS – Get Rating) by 18.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,970 shares of the industrial products company’s stock after selling 2,220 shares during the period. Ensign Peak Advisors Inc’s holdings in Chart Industries were worth $1,838,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund raised its stake in shares of Chart Industries by 0.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 10,469 shares of the industrial products company’s stock valued at $1,930,000 after purchasing an additional 46 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Chart Industries by 3.5% in the 1st quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock valued at $357,000 after buying an additional 70 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of Chart Industries by 4.5% during the 1st quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 75 shares during the period. Profund Advisors LLC boosted its position in shares of Chart Industries by 4.0% during the 3rd quarter. Profund Advisors LLC now owns 2,174 shares of the industrial products company’s stock valued at $401,000 after acquiring an additional 84 shares in the last quarter. Finally, Veriti Management LLC increased its stake in Chart Industries by 5.9% in the third quarter. Veriti Management LLC now owns 1,603 shares of the industrial products company’s stock valued at $296,000 after acquiring an additional 89 shares during the period.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on GTLS. TheStreet cut shares of Chart Industries from a “b-” rating to a “c” rating in a research note on Friday, February 24th. The Goldman Sachs Group cut Chart Industries from a “buy” rating to a “neutral” rating and lowered their price target for the company from $259.00 to $150.00 in a research report on Tuesday, November 22nd. Raymond James raised Chart Industries from a “market perform” rating to a “strong-buy” rating and set a $160.00 price objective for the company in a report on Wednesday, January 4th. Craig Hallum lowered their target price on shares of Chart Industries from $249.00 to $205.00 and set a “buy” rating on the stock in a report on Monday, February 13th. Finally, BTIG Research cut their price target on shares of Chart Industries to $200.00 in a report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chart Industries has an average rating of “Moderate Buy” and an average target price of $193.60.
Chart Industries Stock Down 4.0 %
Chart Industries (NYSE:GTLS – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The industrial products company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $441.40 million for the quarter, compared to analyst estimates of $490.88 million. Chart Industries had a return on equity of 7.84% and a net margin of 1.40%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. As a group, sell-side analysts forecast that Chart Industries, Inc. will post 6.03 earnings per share for the current fiscal year.
Chart Industries Profile
Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.
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