Pendal Group Ltd Acquires 2,766 Shares of Chart Industries, Inc. (NYSE:GTLS)

Pendal Group Ltd boosted its stake in shares of Chart Industries, Inc. (NYSE:GTLSGet Rating) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 683,527 shares of the industrial products company’s stock after purchasing an additional 2,766 shares during the period. Pendal Group Ltd owned about 1.87% of Chart Industries worth $117,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. Janus Henderson Group PLC bought a new position in Chart Industries in the 3rd quarter worth $696,000. Captrust Financial Advisors raised its stake in Chart Industries by 3.0% during the 3rd quarter. Captrust Financial Advisors now owns 1,972 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 58 shares during the period. Lindbrook Capital LLC purchased a new position in Chart Industries in the 4th quarter worth approximately $281,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Chart Industries by 10.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,064 shares of the industrial products company’s stock worth $1,764,000 after purchasing an additional 1,071 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Chart Industries by 0.4% during the 4th quarter. Nordea Investment Management AB now owns 1,175,063 shares of the industrial products company’s stock valued at $186,577,000 after buying an additional 4,838 shares in the last quarter.

Chart Industries stock traded down $4.31 during midday trading on Tuesday, hitting $153.25. 2,198 shares of the company’s stock were exchanged, compared to its average volume of 577,486. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.23. The company has a market cap of $5.61 billion, a PE ratio of 109.42 and a beta of 1.61. The firm has a 50-day moving average of $169.67 and a two-hundred day moving average of $155.83. Chart Industries, Inc. has a 12 month low of $108.29 and a 12 month high of $206.29.

Chart Industries (NYSE:GTLSGet Rating) last issued its quarterly earnings data on Friday, April 29th. The industrial products company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $354.10 million during the quarter, compared to the consensus estimate of $354.18 million. Chart Industries had a net margin of 4.49% and a return on equity of 7.70%. Chart Industries’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, equities analysts expect that Chart Industries, Inc. will post 5.18 earnings per share for the current year.

A number of analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Chart Industries from $200.00 to $205.00 in a report on Monday, May 2nd. Bank of America raised shares of Chart Industries from a “neutral” rating to a “buy” rating in a report on Friday, March 11th. Cowen set a $195.00 price target on shares of Chart Industries in a research report on Monday, June 20th. Craig Hallum boosted their target price on shares of Chart Industries from $193.00 to $206.00 in a report on Friday, April 8th. Finally, Piper Sandler upped their price objective on Chart Industries from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, May 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $198.33.

About Chart Industries (Get Rating)

Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

Featured Articles

Want to see what other hedge funds are holding GTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chart Industries, Inc. (NYSE:GTLSGet Rating).

Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.