AQR Capital Management LLC increased its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 71.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,469 shares of the industrial products company’s stock after buying an additional 5,176 shares during the period. AQR Capital Management LLC’s holdings in Chart Industries were worth $449,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. US Bancorp DE raised its stake in Chart Industries by 18.5% in the third quarter. US Bancorp DE now owns 3,199 shares of the industrial products company’s stock worth $105,000 after buying an additional 500 shares during the period. Bourgeon Capital Management LLC bought a new stake in Chart Industries during the third quarter worth about $201,000. Municipal Employees Retirement System of Michigan raised its stake in Chart Industries by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,800 shares of the industrial products company’s stock worth $223,000 after buying an additional 120 shares during the period. Suntrust Banks Inc. bought a new stake in Chart Industries during the third quarter worth about $250,000. Finally, Parkwood LLC bought a new stake in Chart Industries during the third quarter worth about $261,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
Chart Industries, Inc. (NASDAQ:GTLS) opened at 34.51 on Friday. Chart Industries, Inc. has a 12-month low of $21.80 and a 12-month high of $40.87. The company has a 50-day moving average price of $34.55 and a 200-day moving average price of $35.42. The firm has a market capitalization of $1.06 billion, a PE ratio of 37.92 and a beta of 1.62.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, February 23rd. The industrial products company reported $0.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.09. Chart Industries had a negative net margin of 21.93% and a positive return on equity of 6.10%. The company had revenue of $214.40 million for the quarter, compared to analysts’ expectations of $215.40 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was down 17.8% on a year-over-year basis. On average, analysts predict that Chart Industries, Inc. will post $0.72 earnings per share for the current year.
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A number of equities research analysts have recently issued reports on GTLS shares. Lake Street Capital upgraded Chart Industries from a “hold” rating to a “buy” rating and upped their price target for the company from $32.00 to $44.00 in a research report on Friday, February 24th. TheStreet upgraded Chart Industries from a “d+” rating to a “c” rating in a research report on Friday, February 24th. Finally, Zacks Investment Research lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 27th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Chart Industries presently has an average rating of “Hold” and a consensus price target of $39.50.
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.
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