Tygh Capital Management Inc. decreased its holdings in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,356 shares of the industrial products company’s stock after selling 329 shares during the quarter. Chart Industries comprises approximately 2.1% of Tygh Capital Management Inc.’s holdings, making the stock its 12th biggest holding. Tygh Capital Management Inc.’s holdings in Chart Industries were worth $11,808,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GTLS. BlackRock Inc. increased its stake in Chart Industries by 12.6% during the 2nd quarter. BlackRock Inc. now owns 5,106,373 shares of the industrial products company’s stock worth $392,575,000 after buying an additional 569,836 shares during the period. Vanguard Group Inc. increased its stake in Chart Industries by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,577,954 shares of the industrial products company’s stock worth $275,072,000 after buying an additional 256,912 shares during the period. Carillon Tower Advisers Inc. increased its stake in Chart Industries by 0.8% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,181,478 shares of the industrial products company’s stock worth $73,677,000 after buying an additional 9,600 shares during the period. Northern Trust Corp increased its stake in Chart Industries by 6.8% during the 2nd quarter. Northern Trust Corp now owns 734,988 shares of the industrial products company’s stock worth $56,505,000 after buying an additional 46,820 shares during the period. Finally, Invesco Ltd. increased its stake in Chart Industries by 791.7% during the 2nd quarter. Invesco Ltd. now owns 698,418 shares of the industrial products company’s stock worth $53,694,000 after buying an additional 620,090 shares during the period.
Several equities research analysts recently issued reports on GTLS shares. ValuEngine raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Zacks Investment Research downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. TheStreet downgraded shares of Chart Industries from a “b-” rating to a “c+” rating in a research note on Wednesday, October 16th. Raymond James raised shares of Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research report on Tuesday, August 13th. Finally, Lake Street Capital set a $109.00 target price on shares of Chart Industries and gave the stock a “buy” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Chart Industries currently has an average rating of “Hold” and a consensus price target of $79.79.
In related news, Director Carey Chen bought 3,403 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $59.73 per share, with a total value of $203,261.19. Following the transaction, the director now owns 5,500 shares of the company’s stock, valued at $328,515. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is currently owned by insiders.
Shares of GTLS traded down $1.08 during midday trading on Monday, hitting $57.11. The company had a trading volume of 182,541 shares, compared to its average volume of 440,593. The company’s 50 day moving average price is $60.10 and its 200 day moving average price is $70.46. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 28.28 and a beta of 1.22. Chart Industries, Inc. has a 52 week low of $54.12 and a 52 week high of $95.66. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.
Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, October 17th. The industrial products company reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.01). The company had revenue of $357.80 million during the quarter, compared to the consensus estimate of $378.53 million. Chart Industries had a return on equity of 8.10% and a net margin of 6.55%. Chart Industries’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. Equities analysts anticipate that Chart Industries, Inc. will post 2.81 EPS for the current fiscal year.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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