Kempen Capital Management N.V. reduced its holdings in Chart Industries, Inc. (NASDAQ:GTLS) by 19.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,697 shares of the industrial products company’s stock after selling 17,259 shares during the period. Kempen Capital Management N.V. owned approximately 0.23% of Chart Industries worth $4,114,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of GTLS. Elkfork Partners LLC purchased a new position in shares of Chart Industries in the 4th quarter worth $148,000. SG Americas Securities LLC purchased a new position in shares of Chart Industries during the 1st quarter worth about $193,000. Summit Trail Advisors LLC boosted its stake in shares of Chart Industries by 3,018.9% during the 1st quarter. Summit Trail Advisors LLC now owns 196,582 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 190,279 shares during the period. Amalgamated Bank purchased a new position in shares of Chart Industries during the 4th quarter worth about $207,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of Chart Industries during the 1st quarter worth about $207,000. 99.06% of the stock is owned by institutional investors and hedge funds.
GTLS has been the subject of a number of recent analyst reports. ValuEngine raised shares of Chart Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. BidaskClub raised shares of Chart Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 23rd. Alembic Global Advisors reaffirmed a “hold” rating on shares of Chart Industries in a research note on Thursday, March 8th. Finally, TheStreet raised shares of Chart Industries from a “c” rating to a “b-” rating in a research note on Friday, March 2nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.33.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, April 19th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. Chart Industries had a net margin of 3.46% and a return on equity of 5.20%. The company had revenue of $279.70 million during the quarter, compared to the consensus estimate of $263.34 million. During the same period in the prior year, the firm earned $0.01 earnings per share. Chart Industries’s revenue was up 37.0% on a year-over-year basis. research analysts forecast that Chart Industries, Inc. will post 1.87 EPS for the current fiscal year.
Chart Industries Company 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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