Parametric Portfolio Associates LLC Sells 3,686 Shares of Chart Industries, Inc. (GTLS)

Parametric Portfolio Associates LLC decreased its holdings in Chart Industries, Inc. (NASDAQ:GTLS) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 104,481 shares of the industrial products company’s stock after selling 3,686 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.34% of Chart Industries worth $3,629,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Chart Industries by 0.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 28,895 shares of the industrial products company’s stock valued at $1,004,000 after acquiring an additional 200 shares during the last quarter. Texas Permanent School Fund raised its holdings in Chart Industries by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 22,426 shares of the industrial products company’s stock valued at $779,000 after acquiring an additional 207 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Chart Industries by 3.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,240 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 240 shares during the last quarter. Suntrust Banks Inc. raised its holdings in Chart Industries by 2.0% in the 2nd quarter. Suntrust Banks Inc. now owns 12,692 shares of the industrial products company’s stock valued at $439,000 after acquiring an additional 252 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in Chart Industries by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 99,977 shares of the industrial products company’s stock valued at $3,472,000 after acquiring an additional 292 shares during the last quarter. Institutional investors own 85.56% of the company’s stock.

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Shares of Chart Industries, Inc. (NASDAQ GTLS) opened at 43.50 on Wednesday. The firm has a market cap of $1.34 billion, a P/E ratio of 114.78 and a beta of 1.28. Chart Industries, Inc. has a one year low of $27.47 and a one year high of $45.69. The stock’s 50 day moving average is $40.67 and its 200-day moving average is $36.23.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The business had revenue of $240.50 million for the quarter, compared to the consensus estimate of $235.96 million. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Analysts anticipate that Chart Industries, Inc. will post $0.83 EPS for the current fiscal year.

GTLS has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Cowen and Company set a $38.00 price objective on shares of Chart Industries and gave the company a “hold” rating in a report on Friday, August 4th. Johnson Rice reiterated a “buy” rating and issued a $48.00 price objective (up previously from $42.00) on shares of Chart Industries in a report on Monday, October 2nd. Finally, Northcoast Research upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $47.83.

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.

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

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