BlackRock Advisors LLC lowered its stake in Chart Industries Inc. (NASDAQ:GTLS) by 15.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 509,367 shares of the company’s stock after selling 93,711 shares during the period. BlackRock Advisors LLC owned approximately 1.66% of Chart Industries worth $12,291,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of GTLS. Acrospire Investment Management LLC boosted its position in shares of Chart Industries by 162.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock valued at $101,000 after buying an additional 2,600 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Chart Industries by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,249 shares of the company’s stock valued at $103,000 after buying an additional 523 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Chart Industries during the second quarter valued at about $113,000. Independent Portfolio Consultants Inc. acquired a new position in shares of Chart Industries during the second quarter valued at about $135,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Chart Industries during the second quarter valued at about $220,000. Institutional investors own 88.30% of the company’s stock.
Chart Industries Inc. (NASDAQ:GTLS) opened at 33.74 on Friday. Chart Industries Inc. has a 52-week low of $13.27 and a 52-week high of $34.06. The firm’s 50-day moving average is $31.24 and its 200-day moving average is $26.69. The stock’s market capitalization is $1.03 billion.
Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, July 28th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.60. The company earned $247.10 million during the quarter, compared to the consensus estimate of $222.95 million. Chart Industries had a positive return on equity of 4.55% and a negative net margin of 21.63%. Chart Industries’s revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. Analysts predict that Chart Industries Inc. will post $0.84 earnings per share for the current year.
Several brokerages have issued reports on GTLS. Zacks Investment Research upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Evercore ISI lowered shares of Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $27.86.
About Chart Industries
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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