Nuveen Asset Management LLC lessened its position in Chart Industries, Inc. (NYSE:GTLS – Get Rating) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 142,882 shares of the industrial products company’s stock after selling 6,079 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.39% of Chart Industries worth $26,341,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Chart Industries by 0.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 10,469 shares of the industrial products company’s stock valued at $1,930,000 after purchasing an additional 46 shares during the period. Mackenzie Financial Corp increased its position in Chart Industries by 3.5% during the 1st quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock valued at $357,000 after buying an additional 70 shares in the last quarter. First Republic Investment Management Inc. increased its position in Chart Industries by 4.5% during the 1st quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock valued at $299,000 after buying an additional 75 shares in the last quarter. Profund Advisors LLC increased its position in Chart Industries by 4.0% during the 3rd quarter. Profund Advisors LLC now owns 2,174 shares of the industrial products company’s stock valued at $401,000 after buying an additional 84 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in Chart Industries by 7.1% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,307 shares of the industrial products company’s stock valued at $219,000 after buying an additional 87 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Piper Sandler lowered Chart Industries from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $228.00 to $133.00 in a research report on Friday, November 18th. Craig Hallum reduced their price objective on Chart Industries from $249.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, February 13th. Cowen reduced their price objective on Chart Industries to $200.00 in a research report on Wednesday, November 16th. Wells Fargo & Company reduced their target price on Chart Industries from $148.00 to $144.00 and set an “equal weight” rating for the company in a report on Monday. Finally, TheStreet lowered Chart Industries from a “b-” rating to a “c” rating in a report on Friday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.60.
Chart Industries Stock Performance
Chart Industries (NYSE:GTLS – Get Rating) last issued its quarterly earnings data on Friday, February 24th. The industrial products company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. Chart Industries had a return on equity of 7.84% and a net margin of 1.40%. The company had revenue of $441.40 million during the quarter, compared to analyst estimates of $490.88 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. Chart Industries’s revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 6.04 EPS for the current year.
Chart Industries Profile
Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.
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