Cramer Rosenthal Mcglynn LLC Acquires New Stake in Chart Industries, Inc. (GTLS)

Cramer Rosenthal Mcglynn LLC acquired a new stake in Chart Industries, Inc. (NASDAQ:GTLS) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 214,341 shares of the industrial products company’s stock, valued at approximately $8,409,000. Cramer Rosenthal Mcglynn LLC owned about 0.70% of Chart Industries at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Chart Industries by 0.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 28,895 shares of the industrial products company’s stock valued at $1,004,000 after purchasing an additional 200 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Chart Industries by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 22,426 shares of the industrial products company’s stock valued at $779,000 after purchasing an additional 207 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Chart Industries by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,756 shares of the industrial products company’s stock valued at $824,000 after purchasing an additional 215 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Chart Industries by 3.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,240 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 240 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in shares of Chart Industries by 2.0% in the 2nd quarter. Suntrust Banks Inc. now owns 12,692 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 252 shares during the last quarter. 86.75% of the stock is currently owned by institutional investors.

A number of brokerages have commented on GTLS. BidaskClub downgraded shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Lake Street Capital upped their target price on shares of Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 27th. Seaport Global Securities upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a report on Friday, October 27th. Johnson Rice restated a “buy” rating and issued a $48.00 target price (up previously from $42.00) on shares of Chart Industries in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Chart Industries currently has an average rating of “Buy” and an average target price of $48.14.

Shares of Chart Industries, Inc. (NASDAQ:GTLS) opened at $46.01 on Thursday. The firm has a market cap of $1,433.01, a price-to-earnings ratio of 89.56, a P/E/G ratio of 2.77 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 1.13. Chart Industries, Inc. has a 52 week low of $32.04 and a 52 week high of $48.78.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.07. The firm had revenue of $240.50 million during the quarter, compared to analysts’ expectations of $235.96 million. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. Chart Industries’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. analysts forecast that Chart Industries, Inc. will post 0.84 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Chart Industries (NASDAQ:GTLS)

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