SG Americas Securities LLC Has $231,000 Stake in Chart Industries, Inc. (GTLS)
SG Americas Securities LLC raised its stake in Chart Industries, Inc. (NASDAQ:GTLS) by 42.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,657 shares of the industrial products company’s stock after acquiring an additional 1,992 shares during the quarter. SG Americas Securities LLC’s holdings in Chart Industries were worth $231,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. Vanguard Group Inc. raised its holdings in shares of Chart Industries by 8.8% in the first quarter. Vanguard Group Inc. now owns 3,842,890 shares of the industrial products company’s stock worth $134,271,000 after acquiring an additional 310,641 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Chart Industries by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,089,590 shares of the industrial products company’s stock worth $73,010,000 after acquiring an additional 201,528 shares during the last quarter. Algert Global LLC acquired a new position in shares of Chart Industries in the second quarter worth $2,305,000. Goelzer Investment Management Inc. acquired a new position in shares of Chart Industries in the second quarter worth $2,094,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Chart Industries by 153.1% in the second quarter. Russell Investments Group Ltd. now owns 80,452 shares of the industrial products company’s stock worth $2,795,000 after acquiring an additional 48,662 shares during the last quarter. 85.87% of the stock is owned by institutional investors.
Chart Industries, Inc. (NASDAQ GTLS) opened at 37.96 on Tuesday. The company has a 50-day moving average price of $34.22 and a 200 day moving average price of $34.73. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 100.16 and a beta of 1.26. Chart Industries, Inc. has a 1-year low of $27.01 and a 1-year high of $40.87.
Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $238.21 million during the quarter, compared to analysts’ expectations of $225.76 million. Chart Industries had a return on equity of 3.28% and a net margin of 1.35%. Chart Industries’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. Equities analysts anticipate that Chart Industries, Inc. will post $0.77 earnings per share for the current year.
A number of research firms have recently weighed in on GTLS. BidaskClub cut Chart Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Cowen and Company set a $38.00 price target on Chart Industries and gave the stock a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised Chart Industries from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Johnson Rice raised Chart Industries from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $42.00 in a report on Thursday, June 29th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Chart Industries currently has an average rating of “Hold” and an average price target of $40.43.
Chart Industries Profile
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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