Quantitative Investment Management LLC bought a new stake in Chart Industries, Inc. (NASDAQ:GTLS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,800 shares of the industrial products company’s stock, valued at approximately $2,052,000. Quantitative Investment Management LLC owned 0.14% of Chart Industries at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Investors Research Corp purchased a new stake in shares of Chart Industries in the fourth quarter valued at $769,000. Amalgamated Bank purchased a new stake in shares of Chart Industries in the fourth quarter valued at $207,000. Carillon Tower Advisers Inc. purchased a new stake in shares of Chart Industries in the fourth quarter valued at $52,412,000. Employees Retirement System of Texas purchased a new stake in shares of Chart Industries in the fourth quarter valued at $1,781,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Chart Industries by 93.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 101,228 shares of the industrial products company’s stock valued at $4,744,000 after acquiring an additional 48,956 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on GTLS shares. BidaskClub downgraded shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Lake Street Capital set a $59.00 target price on shares of Chart Industries and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Friday, February 23rd. Finally, Cowen set a $50.00 target price on shares of Chart Industries and gave the company a “hold” rating in a research note on Thursday, January 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $54.83.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.15. The company had revenue of $306.00 million for the quarter, compared to the consensus estimate of $282.19 million. Chart Industries had a net margin of 2.84% and a return on equity of 4.44%. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. analysts forecast that Chart Industries, Inc. will post 1.85 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Quantitative Investment Management LLC Invests $2.05 Million in Chart Industries, Inc. (GTLS)” was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://stocknewstimes.com/2018/03/19/quantitative-investment-management-llc-invests-2-05-million-in-chart-industries-inc-gtls.html.
About Chart Industries
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.