Russell Investments Group Ltd. trimmed its holdings in Chart Industries, Inc. (NASDAQ:GTLS) by 24.5% during the third quarter, HoldingsChannel reports. The firm owned 4,415 shares of the industrial products company’s stock after selling 1,431 shares during the period. Russell Investments Group Ltd.’s holdings in Chart Industries were worth $346,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Thompson Siegel & Walmsley LLC bought a new stake in shares of Chart Industries in the 2nd quarter valued at approximately $216,000. MAI Capital Management bought a new stake in shares of Chart Industries in the 3rd quarter valued at approximately $235,000. United Services Automobile Association increased its holdings in shares of Chart Industries by 38.1% in the 2nd quarter. United Services Automobile Association now owns 7,432 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 2,049 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Chart Industries in the 3rd quarter valued at approximately $291,000. Finally, First Trust Advisors LP bought a new stake in shares of Chart Industries in the 2nd quarter valued at approximately $397,000. 99.06% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on GTLS shares. BidaskClub downgraded Chart Industries from a “hold” rating to a “sell” rating in a report on Monday, October 15th. Evercore ISI upgraded Chart Industries from an “in-line” rating to an “outperform” rating and set a $63.56 price target for the company in a report on Sunday, December 9th. Finally, Zacks Investment Research downgraded Chart Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Chart Industries has an average rating of “Buy” and an average target price of $73.26.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, October 18th. The industrial products company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.19. The firm had revenue of $272.20 million during the quarter, compared to the consensus estimate of $314.52 million. Chart Industries had a return on equity of 8.31% and a net margin of 5.69%. The firm’s revenue was up 34.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. On average, equities analysts forecast that Chart Industries, Inc. will post 2.04 earnings per share for the current fiscal year.
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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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