Chart Industries, Inc. (GTLS) Stake Held by Alliancebernstein L.P.
Alliancebernstein L.P. held its stake in shares of Chart Industries, Inc. (NASDAQ:GTLS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,713 shares of the industrial products company’s stock at the end of the 2nd quarter. Alliancebernstein L.P. owned approximately 0.32% of Chart Industries worth $3,463,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC lifted its position in Chart Industries by 29.1% during the 1st quarter. SG Americas Securities LLC now owns 4,665 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,052 shares in the last quarter. Invictus RG bought a new stake in shares of Chart Industries in the 1st quarter valued at about $180,000. State of Alaska Department of Revenue raised its holdings in shares of Chart Industries by 78.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,063 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 2,673 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Chart Industries by 2.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 168 shares during the period. Finally, Mason Street Advisors LLC raised its holdings in shares of Chart Industries by 7.3% in the 1st quarter. Mason Street Advisors LLC now owns 7,176 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 490 shares during the period. 85.87% of the stock is currently owned by hedge funds and other institutional investors.
Chart Industries, Inc. (GTLS) opened at 40.56 on Friday. The firm’s 50 day moving average is $36.26 and its 200-day moving average is $35.10. Chart Industries, Inc. has a 12 month low of $27.01 and a 12 month high of $40.87. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 107.02 and a beta of 1.28.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The company had revenue of $238.21 million for the quarter, compared to analyst estimates of $225.76 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts forecast that Chart Industries, Inc. will post $0.75 EPS for the current year.
A number of equities research analysts have recently issued reports on the stock. Johnson Rice reaffirmed a “buy” rating and issued a $48.00 target price (up from $42.00) on shares of Chart Industries in a report on Monday, October 2nd. Cowen and Company set a $38.00 target price on shares of Chart Industries and gave the company a “hold” rating in a report on Friday, August 4th. BidaskClub raised shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $41.50.
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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