Quadrant Capital Group LLC increased its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 416.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 336 shares of the industrial products company’s stock after buying an additional 271 shares during the period. Quadrant Capital Group LLC’s holdings in Chart Industries were worth $29,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strs Ohio acquired a new stake in Chart Industries in the first quarter worth $199,000. Silvant Capital Management LLC acquired a new stake in Chart Industries in the fourth quarter worth $184,000. Jane Street Group LLC acquired a new stake in Chart Industries in the third quarter worth $271,000. Oppenheimer & Co. Inc. acquired a new stake in Chart Industries in the first quarter worth $367,000. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in Chart Industries by 20.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,478 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 768 shares during the period.
A number of equities research analysts have commented on GTLS shares. Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, March 5th. Lake Street Capital raised their price target on shares of Chart Industries to $109.00 and gave the stock a “buy” rating in a report on Friday, February 15th. ValuEngine cut shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 3rd. BidaskClub cut shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Gabelli cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $90.39.
NASDAQ:GTLS opened at $83.72 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 37.13 and a beta of 1.13. Chart Industries, Inc. has a 12 month low of $57.88 and a 12 month high of $95.66.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, April 18th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $289.30 million for the quarter, compared to analyst estimates of $290.33 million. Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. As a group, research analysts anticipate that Chart Industries, Inc. will post 2.95 EPS for the current year.
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Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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