Geode Capital Management LLC Increases Position in Chart Industries, Inc. (GTLS)

Geode Capital Management LLC raised its stake in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 12.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,239 shares of the industrial products company’s stock after buying an additional 27,916 shares during the period. Geode Capital Management LLC owned approximately 0.83% of Chart Industries worth $8,952,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Chart Industries by 8.8% in the first quarter. Vanguard Group Inc. now owns 3,842,890 shares of the industrial products company’s stock valued at $134,271,000 after buying an additional 310,641 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Chart Industries by 6.2% in the first quarter. Thrivent Financial For Lutherans now owns 17,490 shares of the industrial products company’s stock valued at $611,000 after buying an additional 1,020 shares during the last quarter. South Dakota Investment Council raised its stake in shares of Chart Industries by 83.6% in the first quarter. South Dakota Investment Council now owns 13,400 shares of the industrial products company’s stock valued at $468,000 after buying an additional 6,100 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Chart Industries by 1.1% in the first quarter. Legal & General Group Plc now owns 53,008 shares of the industrial products company’s stock valued at $1,852,000 after buying an additional 590 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Chart Industries by 2.6% in the first quarter. Teachers Advisors LLC now owns 52,253 shares of the industrial products company’s stock valued at $1,826,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 85.98% of the company’s stock.

Shares of Chart Industries, Inc. (GTLS) opened at 32.79 on Friday. The stock has a market capitalization of $1.01 billion, a P/E ratio of 86.52 and a beta of 1.28. Chart Industries, Inc. has a 12 month low of $27.01 and a 12 month high of $40.87. The company’s 50 day moving average price is $34.66 and its 200-day moving average price is $35.37.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $225.76 million. During the same period in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts predict that Chart Industries, Inc. will post $0.77 earnings per share for the current year.

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Several brokerages recently commented on GTLS. Cowen and Company set a $38.00 target price on Chart Industries and gave the company a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded Chart Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded Chart Industries from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Johnson Rice raised Chart Industries from a “hold” rating to a “buy” rating and upped their price target for the stock from $40.00 to $42.00 in a research note on Thursday, June 29th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Chart Industries currently has a consensus rating of “Hold” and an average target price of $40.43.

About Chart Industries

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.

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

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