JPMorgan Chase & Co. Has $3.70 Million Stake in Chart Industries, Inc. (GTLS)
JPMorgan Chase & Co. decreased its stake in Chart Industries, Inc. (NASDAQ:GTLS) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,014 shares of the industrial products company’s stock after selling 2,096 shares during the period. JPMorgan Chase & Co. owned about 0.35% of Chart Industries worth $3,704,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of GTLS. Russell Investments Group Ltd. purchased a new stake in shares of Chart Industries during the fourth quarter valued at about $1,167,000. Comerica Bank raised its stake in Chart Industries by 5.3% in the fourth quarter. Comerica Bank now owns 33,915 shares of the industrial products company’s stock worth $1,285,000 after buying an additional 1,716 shares during the period. State Street Corp raised its stake in Chart Industries by 9.4% in the fourth quarter. State Street Corp now owns 722,191 shares of the industrial products company’s stock worth $26,014,000 after buying an additional 62,071 shares during the period. Public Sector Pension Investment Board raised its stake in Chart Industries by 3.8% in the fourth quarter. Public Sector Pension Investment Board now owns 21,800 shares of the industrial products company’s stock worth $785,000 after buying an additional 800 shares during the period. Finally, AQR Capital Management LLC raised its stake in Chart Industries by 71.0% in the fourth quarter. AQR Capital Management LLC now owns 12,469 shares of the industrial products company’s stock worth $449,000 after buying an additional 5,176 shares during the period. 85.84% of the stock is owned by hedge funds and other institutional investors.
Chart Industries, Inc. (NASDAQ GTLS) traded up 1.84% on Friday, hitting $34.31. The company’s stock had a trading volume of 130,647 shares. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 90.53 and a beta of 1.28. Chart Industries, Inc. has a 12 month low of $27.01 and a 12 month high of $40.87. The firm has a 50 day moving average of $34.71 and a 200 day moving average of $35.70.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $238.21 million for the quarter, compared to analyst estimates of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. Chart Industries’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. Equities research analysts forecast that Chart Industries, Inc. will post $0.79 earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on GTLS. BidaskClub lowered Chart Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research raised Chart Industries from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Johnson Rice upgraded Chart Industries from a “hold” rating to a “buy” rating and boosted their price target for the company from $40.00 to $42.00 in a report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Chart Industries currently has an average rating of “Hold” and an average price target of $39.14.
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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