1,627 Shares in Chart Industries, Inc. $GTLS Bought by Capital Asset Advisory Services LLC

Key Points

• Capital Asset Advisory Services LLC acquired 1,627 shares of Chart Industries, Inc. valued at approximately $265,000 in Q2, signaling increased institutional interest in the company.
• Chart Industries reported earnings of $2.59 per share for the last quarter, missing expectations by $0.03 and achieving revenue of $1.08 billion, below the analysts' forecast of $1.11 billion.
• Analyst ratings for Chart Industries are mixed, with four analysts giving a Buy rating while thirteen have a Hold rating, reflecting caution in the market outlook.

Capital Asset Advisory Services LLC acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,627 shares of the industrial products company's stock, valued at approximately $265,000.

A number of other hedge funds have also recently made changes to their positions in GTLS. Opal Wealth Advisors LLC purchased a new stake in shares of Chart Industries during the 1st quarter worth $25,000. Global X Japan Co. Ltd. raised its stake in Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after buying an additional 100 shares during the last quarter. Brooklyn Investment Group raised its stake in Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after buying an additional 199 shares during the last quarter. SVB Wealth LLC purchased a new stake in Chart Industries in the first quarter valued at about $30,000. Finally, Hughes Financial Services LLC purchased a new stake in Chart Industries in the first quarter valued at about $44,000.

Chart Industries Trading Down 0.3%

Shares of NYSE:GTLS opened at $199.24 on Monday. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 1.15 and a beta of 1.67. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average price of $189.24 and a 200-day moving average price of $163.06.

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Craig Hallum cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Raymond James Financial reiterated a "market perform" rating on shares of Chart Industries in a research note on Wednesday, July 30th. Barclays decreased their price target on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Hsbc Global Res upgraded Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. Finally, Citigroup cut Chart Industries from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Four analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $202.00.

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.

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