Hancock Whitney Corp bought a new position in shares of Chart Industries, Inc. (NASDAQ:GTLS) during the 4th quarter, Holdings Channel reports. The fund bought 82,621 shares of the industrial products company’s stock, valued at approximately $5,373,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GTLS. C M Bidwell & Associates Ltd. acquired a new stake in shares of Chart Industries in the 3rd quarter worth approximately $127,000. Quantbot Technologies LP acquired a new stake in shares of Chart Industries in the 3rd quarter worth approximately $134,000. Silvant Capital Management LLC acquired a new stake in shares of Chart Industries in the 4th quarter worth approximately $184,000. Ibex Investors LLC acquired a new stake in shares of Chart Industries in the 3rd quarter worth approximately $216,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Chart Industries in the 3rd quarter worth approximately $247,000.
GTLS has been the topic of a number of research reports. Zacks Investment Research upgraded Chart Industries from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Wednesday, February 6th. BidaskClub upgraded Chart Industries from a “sell” rating to a “hold” rating in a report on Tuesday, December 4th. Gabelli cut Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Finally, Lake Street Capital upped their price target on Chart Industries to $109.00 and gave the stock a “buy” rating in a report on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Chart Industries has a consensus rating of “Buy” and an average target price of $86.31.
GTLS opened at $88.73 on Friday. The company has a market capitalization of $2.80 billion, a P/E ratio of 41.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.80. Chart Industries, Inc. has a 1-year low of $56.14 and a 1-year high of $95.66.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, February 14th. The industrial products company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. The firm had revenue of $290.10 million for the quarter, compared to analysts’ expectations of $283.50 million. Chart Industries had a return on equity of 8.42% and a net margin of 7.57%. Chart Industries’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. As a group, equities research analysts forecast that Chart Industries, Inc. will post 2.79 earnings per share for the current fiscal year.
In other Chart Industries news, Director W Douglas Brown sold 8,500 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $84.84, for a total transaction of $721,140.00. Following the sale, the director now owns 9,966 shares in the company, valued at approximately $845,515.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Michael Schmit sold 464 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $92.65, for a total value of $42,989.60. Following the sale, the chief accounting officer now owns 1,125 shares in the company, valued at approximately $104,231.25. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
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About Chart Industries
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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