Federated Investors Inc. PA boosted its holdings in Chart Industries, Inc. (NASDAQ:GTLS) by 49.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 236,895 shares of the industrial products company’s stock after acquiring an additional 78,241 shares during the quarter. Federated Investors Inc. PA’s holdings in Chart Industries were worth $18,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of GTLS. Metropolitan Life Insurance Co. NY increased its position in shares of Chart Industries by 7.3% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 9,941 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 674 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Chart Industries by 12.9% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,400 shares of the industrial products company’s stock valued at $580,000 after purchasing an additional 848 shares during the period. United Services Automobile Association increased its position in shares of Chart Industries by 1.1% during the 3rd quarter. United Services Automobile Association now owns 92,087 shares of the industrial products company’s stock valued at $7,213,000 after purchasing an additional 1,034 shares during the period. MetLife Investment Advisors LLC increased its position in shares of Chart Industries by 8.7% during the 2nd quarter. MetLife Investment Advisors LLC now owns 14,133 shares of the industrial products company’s stock valued at $872,000 after purchasing an additional 1,133 shares during the period. Finally, Scout Investments Inc. increased its position in shares of Chart Industries by 2.2% during the 3rd quarter. Scout Investments Inc. now owns 53,873 shares of the industrial products company’s stock valued at $4,220,000 after purchasing an additional 1,166 shares during the period. Hedge funds and other institutional investors own 99.06% of the company’s stock.
Several equities analysts have recently issued reports on the company. BidaskClub cut Chart Industries from a “hold” rating to a “sell” rating in a research report on Monday, December 10th. Evercore ISI upgraded Chart Industries from an “in-line” rating to an “outperform” rating and set a $63.56 price target on the stock in a research report on Sunday, December 9th. Finally, Zacks Investment Research cut Chart Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $73.26.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, October 18th. The industrial products company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.19. The business had revenue of $272.20 million during the quarter, compared to analyst estimates of $314.52 million. Chart Industries had a return on equity of 8.31% and a net margin of 5.69%. The company’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS. As a group, research analysts expect that Chart Industries, Inc. will post 2.04 earnings per share for the current 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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