Aigen Investment Management LP Invests $228,000 in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• Aigen Investment Management LP acquired 1,577 shares of Chart Industries, Inc. valued at approximately $228,000 during the first quarter.
• Analysts have adjusted their price targets for Chart Industries, with Lake Street Capital lowering their target to $210.00 and Barclays reducing it from $171.00 to $169.00.
• Chart Industries reported earnings of $2.59 per share for the last quarter, missing the expected $2.62 by $0.03, and had revenue of $1.08 billion against a consensus expectation of $1.11 billion.

Aigen Investment Management LP acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,577 shares of the industrial products company's stock, valued at approximately $228,000.

Several other institutional investors have also modified their holdings of the stock. First Manhattan CO. LLC. increased its stake in Chart Industries by 3.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after buying an additional 54 shares during the period. Xponance Inc. increased its stake in Chart Industries by 1.4% in the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock valued at $883,000 after buying an additional 85 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Chart Industries by 1.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after buying an additional 98 shares during the period. Global X Japan Co. Ltd. grew its stake in shares of Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after purchasing an additional 100 shares during the period. Finally, State of Michigan Retirement System grew its stake in shares of Chart Industries by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock worth $1,458,000 after purchasing an additional 100 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GTLS. Lake Street Capital cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a research note on Wednesday, July 30th. TD Cowen cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Stifel Nicolaus lowered their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, Cowen cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $202.00.

Chart Industries Trading Down 0.2%

NYSE:GTLS traded down $0.34 on Friday, reaching $198.25. The stock had a trading volume of 2,454,071 shares, compared to its average volume of 4,943,728. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 1.15 and a beta of 1.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The firm's fifty day moving average is $171.04 and its two-hundred day moving average is $162.94. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Equities analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.