JPMorgan Chase & Co. Trims Stake in Chart Industries, Inc. (GTLS)

JPMorgan Chase & Co. trimmed its holdings in Chart Industries, Inc. (NASDAQ:GTLS) by 58.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 34,965 shares of the industrial products company’s stock after selling 48,312 shares during the period. JPMorgan Chase & Co.’s holdings in Chart Industries were worth $1,373,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Legal & General Group Plc raised its holdings in shares of Chart Industries by 8.9% in the third quarter. Legal & General Group Plc now owns 62,936 shares of the industrial products company’s stock valued at $2,469,000 after buying an additional 5,150 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Chart Industries by 176.4% during the third quarter. Eagle Asset Management Inc. now owns 1,448,392 shares of the industrial products company’s stock worth $58,297,000 after acquiring an additional 924,284 shares during the period. TD Asset Management Inc. increased its stake in shares of Chart Industries by 4.0% during the third quarter. TD Asset Management Inc. now owns 43,901 shares of the industrial products company’s stock worth $1,722,000 after acquiring an additional 1,701 shares during the period. American International Group Inc. increased its stake in shares of Chart Industries by 5.8% during the third quarter. American International Group Inc. now owns 24,291 shares of the industrial products company’s stock worth $953,000 after acquiring an additional 1,324 shares during the period. Finally, Granite Investment Partners LLC increased its stake in shares of Chart Industries by 6.1% during the third quarter. Granite Investment Partners LLC now owns 286,758 shares of the industrial products company’s stock worth $11,249,000 after acquiring an additional 16,496 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Chart Industries, Inc. (GTLS) opened at $52.47 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Chart Industries, Inc. has a 1 year low of $32.04 and a 1 year high of $53.10. The firm has a market cap of $1,610.00, a PE ratio of -749.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.33.

Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company had revenue of $240.50 million for the quarter, compared to analyst estimates of $235.96 million. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities analysts anticipate that Chart Industries, Inc. will post 0.84 EPS for the current fiscal year.

A number of research analysts have recently issued reports on GTLS shares. Cowen reiterated a “hold” rating and set a $40.00 price target on shares of Chart Industries in a research note on Sunday, October 22nd. Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, November 1st. BidaskClub lowered shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Seaport Global Securities upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Friday, October 27th. Finally, Lake Street Capital boosted their price target on shares of Chart Industries from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Chart Industries currently has a consensus rating of “Buy” and an average target price of $52.67.

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Chart Industries Profile

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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