Van ECK Associates Corp reduced its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 0.5% during the second quarter, Holdings Channel.com reports. The fund owned 269,914 shares of the industrial products company’s stock after selling 1,240 shares during the quarter. Van ECK Associates Corp’s holdings in Chart Industries were worth $39,494,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in GTLS. BlackRock Inc. grew its holdings in Chart Industries by 16.5% during the first quarter. BlackRock Inc. now owns 6,343,819 shares of the industrial products company’s stock worth $903,044,000 after acquiring an additional 896,963 shares during the period. Victory Capital Management Inc. increased its stake in Chart Industries by 58.6% in the 2nd quarter. Victory Capital Management Inc. now owns 876,142 shares of the industrial products company’s stock worth $128,197,000 after purchasing an additional 323,879 shares in the last quarter. Principal Financial Group Inc. increased its stake in Chart Industries by 106.3% in the 1st quarter. Principal Financial Group Inc. now owns 514,079 shares of the industrial products company’s stock worth $73,179,000 after purchasing an additional 264,882 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Chart Industries by 37.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 960,914 shares of the industrial products company’s stock worth $136,786,000 after purchasing an additional 262,452 shares in the last quarter. Finally, FMR LLC increased its stake in Chart Industries by 77,936.9% in the 1st quarter. FMR LLC now owns 232,550 shares of the industrial products company’s stock worth $21,050,000 after purchasing an additional 232,252 shares in the last quarter.
In related news, CTO Douglas A. Jr. Ducote sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 8th. The stock was sold at an average price of $191.50, for a total value of $430,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is currently owned by insiders.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, July 22nd. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.02. Chart Industries had a return on equity of 6.01% and a net margin of 27.06%. The business had revenue of $322.00 million during the quarter, compared to analyst estimates of $320.01 million. During the same period in the previous year, the company earned $0.63 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts predict that Chart Industries, Inc. will post 3.83 earnings per share for the current year.
A number of equities analysts recently weighed in on the company. COKER & PALMER reissued a “sector perform” rating on shares of Chart Industries in a research note on Tuesday, July 13th. Stifel Nicolaus lifted their price target on Chart Industries from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, August 31st. Craig Hallum lifted their price target on Chart Industries from $188.00 to $219.00 and gave the stock a “buy” rating in a research note on Tuesday, August 31st. Barclays assumed coverage on Chart Industries in a research note on Wednesday, September 1st. They set an “overweight” rating and a $226.00 target price on the stock. Finally, Lake Street Capital lifted their target price on Chart Industries from $188.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 30th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $179.29.
Chart Industries Company Profile
Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.
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