Granahan Investment Management Inc. MA Takes $13.32 Million Position in Chart Industries, Inc. (GTLS)

Granahan Investment Management Inc. MA purchased a new position in shares of Chart Industries, Inc. (NASDAQ:GTLS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 215,881 shares of the industrial products company’s stock, valued at approximately $13,316,000. Granahan Investment Management Inc. MA owned approximately 0.70% of Chart Industries as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of GTLS. OppenheimerFunds Inc. grew its position in shares of Chart Industries by 80.2% in the 2nd quarter. OppenheimerFunds Inc. now owns 236,721 shares of the industrial products company’s stock valued at $14,600,000 after buying an additional 105,347 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Chart Industries in the 2nd quarter valued at about $216,000. Principal Financial Group Inc. grew its position in shares of Chart Industries by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 246,903 shares of the industrial products company’s stock valued at $14,575,000 after buying an additional 8,190 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Chart Industries in the 2nd quarter valued at about $524,000. Finally, Trexquant Investment LP bought a new stake in shares of Chart Industries in the 2nd quarter valued at about $539,000. 99.06% of the stock is owned by institutional investors.

Shares of Chart Industries stock opened at $72.83 on Tuesday. Chart Industries, Inc. has a one year low of $40.54 and a one year high of $80.31. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.68. The stock has a market cap of $2.43 billion, a P/E ratio of 75.86, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04.

Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, July 19th. The industrial products company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. Chart Industries had a return on equity of 6.45% and a net margin of 4.04%. The company had revenue of $319.90 million for the quarter, compared to analyst estimates of $299.54 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. Equities research analysts expect that Chart Industries, Inc. will post 2.03 earnings per share for the current fiscal year.

A number of research firms have commented on GTLS. BidaskClub upgraded Chart Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Northcoast Research reiterated a “buy” rating and issued a $91.00 price target on shares of Chart Industries in a research report on Friday, July 20th. Finally, Zacks Investment Research lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Chart Industries currently has an average rating of “Buy” and an average target price of $75.20.

Chart Industries 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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