Chart Industries, Inc. (GTLS) Holdings Cut by CLARET ASSET MANAGEMENT Corp

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CLARET ASSET MANAGEMENT Corp trimmed its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 24.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,064 shares of the industrial products company’s stock after selling 19,458 shares during the period. CLARET ASSET MANAGEMENT Corp owned approximately 0.20% of Chart Industries worth $3,971,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Chart Industries by 3.9% during the third quarter. BlackRock Inc. now owns 4,379,691 shares of the industrial products company’s stock valued at $343,062,000 after acquiring an additional 162,564 shares during the period. Vanguard Group Inc. lifted its stake in shares of Chart Industries by 2.7% in the third quarter. Vanguard Group Inc. now owns 3,040,131 shares of the industrial products company’s stock valued at $238,133,000 after buying an additional 80,703 shares during the period. Vanguard Group Inc lifted its stake in shares of Chart Industries by 2.7% in the third quarter. Vanguard Group Inc now owns 3,040,131 shares of the industrial products company’s stock valued at $238,133,000 after buying an additional 80,703 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Chart Industries by 1,114.0% in the fourth quarter. Fisher Asset Management LLC now owns 745,941 shares of the industrial products company’s stock valued at $48,509,000 after buying an additional 684,498 shares during the period. Finally, Columbus Circle Investors lifted its stake in shares of Chart Industries by 5.2% in the fourth quarter. Columbus Circle Investors now owns 461,300 shares of the industrial products company’s stock valued at $29,998,000 after buying an additional 22,739 shares during the period.

NASDAQ GTLS opened at $84.62 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 1.17. Chart Industries, Inc. has a twelve month low of $49.16 and a twelve month high of $89.48. The stock has a market capitalization of $2.75 billion, a P/E ratio of 41.39 and a beta of 1.07.

Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, February 14th. The industrial products company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. Chart Industries had a net margin of 7.57% and a return on equity of 8.42%. The business had revenue of $290.10 million during the quarter, compared to analysts’ expectations of $283.50 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 2.71 earnings per share for the current year.

Several equities research analysts recently weighed in on GTLS shares. Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Wednesday, February 6th. BidaskClub upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, December 4th. Finally, Gabelli cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $85.51.

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Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.

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

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