Granite Investment Partners LLC grew its position in Chart Industries, Inc. (NASDAQ:GTLS) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,758 shares of the industrial products company’s stock after buying an additional 16,496 shares during the quarter. Granite Investment Partners LLC owned approximately 0.93% of Chart Industries worth $11,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Chart Industries by 0.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 28,895 shares of the industrial products company’s stock worth $1,004,000 after purchasing an additional 200 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Chart Industries by 0.9% during the second quarter. Texas Permanent School Fund now owns 22,426 shares of the industrial products company’s stock worth $779,000 after purchasing an additional 207 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Chart Industries by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 23,756 shares of the industrial products company’s stock worth $824,000 after purchasing an additional 215 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Chart Industries by 3.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,240 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 240 shares during the period. Finally, Suntrust Banks Inc. boosted its holdings in shares of Chart Industries by 2.0% during the second quarter. Suntrust Banks Inc. now owns 12,692 shares of the industrial products company’s stock worth $439,000 after purchasing an additional 252 shares during the period. Institutional investors own 89.47% of the company’s stock.

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Chart Industries, Inc. (NASDAQ GTLS) traded down $0.69 during midday trading on Tuesday, reaching $44.91. 351,500 shares of the company’s stock were exchanged, compared to its average volume of 227,550. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74. The firm has a market capitalization of $1,420.00, a PE ratio of 87.69, a PEG ratio of 2.72 and a beta of 1.30. Chart Industries, Inc. has a 1 year low of $32.04 and a 1 year high of $45.90.

Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.07. The firm had revenue of $240.50 million during the quarter, compared to analysts’ expectations 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 revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. analysts expect that Chart Industries, Inc. will post 0.84 EPS for the current fiscal year.

GTLS has been the subject of several research reports. BidaskClub cut shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company set a $38.00 price target on shares of Chart Industries and gave the stock a “hold” rating in a report on Friday, August 4th. Johnson Rice restated a “buy” rating and set a $48.00 price target (up 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 target for the company in a report on Monday, October 9th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Chart Industries currently has a consensus rating of “Buy” and an average target price of $48.14.

Chart Industries Company 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.

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

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