The Connor Clark & Lunn Investment Management Ltd. Has $1,760,000 Position in Chart Industries, Inc. (GTLS), Report finds

The Connor Clark & Lunn Investment Management Ltd. Has $1,760,000 Position in Chart Industries, Inc. (GTLS), Report finds

Several other hedge funds have also recently bought and sold shares of the stock. Eagle Asset Management Inc. raised its stake in Chart Industries by 20.0% in the third quarter. Eagle Asset Management Inc. now owns 531,273 shares of the company’s stock worth $17,441,000 after buying an additional 88,438 shares in the last quarter. Nationwide Fund Advisors raised its stake in Chart Industries by 6.1% in the third quarter. Nationwide Fund Advisors now owns 44,080 shares of the company’s stock worth $1,447,000 after buying an additional 2,540 shares in the last quarter. BlackRock Fund Advisors raised its stake in Chart Industries by 7.8% in the third quarter. BlackRock Fund Advisors now owns 2,241,953 shares of the company’s stock worth $73,603,000 after buying an additional 161,278 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Chart Industries by 314.0% in the third quarter. JPMorgan Chase & Co. now owns 91,295 shares of the company’s stock worth $2,998,000 after buying an additional 69,243 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its stake in Chart Industries by 6.6% in the third quarter. Rothschild Asset Management Inc. now owns 287,818 shares of the company’s stock worth $9,449,000 after buying an additional 17,864 shares in the last quarter. Institutional investors own 88.83% of the company’s stock.

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 14.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,600 shares of the company’s stock after selling 8,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.18% of Chart Industries worth $1,760,000 as of its most recent SEC filing.

Chart Industries, Inc. (NASDAQ:GTLS) traded up 1.33% during trading on Friday, reaching $40.43. 96,671 shares of the company’s stock were exchanged. The company’s market capitalization is $1.24 billion. The stock’s 50-day moving average price is $38.13 and its 200-day moving average price is $33.64. Chart Industries, Inc. has a 52-week low of $16.05 and a 52-week high of $40.74.

A number of analysts have recently issued reports on GTLS shares. Citigroup Inc. lowered shares of Chart Industries to a “market perform” rating in a research note on Tuesday, December 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a research note on Thursday, January 26th. Lake Street Capital lowered shares of Chart Industries from a “buy” rating to a “hold” rating and dropped their price objective for the company from $34.00 to $32.00 in a research note on Friday, October 28th. Craig Hallum lowered shares of Chart Industries from a “buy” rating to a “hold” rating and dropped their price target for the stock from $35.00 to $33.00 in a research note on Friday, October 28th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and issued a $35.00 price target on shares of Chart Industries in a research note on Tuesday, December 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.56.

Chart Industries Company Profile

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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