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 purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,627 shares of the industrial products company's stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Chart Industries by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company's stock worth $168,853,000 after purchasing an additional 105,027 shares in the last quarter. King Luther Capital Management Corp increased its stake in Chart Industries by 1.4% in the 1st quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock worth $141,427,000 after acquiring an additional 13,484 shares during the last quarter. Gates Capital Management Inc. boosted its holdings in shares of Chart Industries by 61.5% in the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company's stock worth $112,115,000 after purchasing an additional 295,738 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Chart Industries by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company's stock valued at $77,438,000 after acquiring an additional 18,338 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Chart Industries by 9.4% in the 1st quarter. Federated Hermes Inc. now owns 444,413 shares of the industrial products company's stock worth $64,155,000 after acquiring an additional 38,278 shares in the last quarter.

Chart Industries Stock Down 0.1%

GTLS stock traded down $0.24 during midday trading on Friday, reaching $199.59. 484,213 shares of the company's stock traded hands, compared to its average volume of 1,350,173. The firm's fifty day moving average price is $191.81 and its 200-day moving average price is $163.87. 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 company has a market cap of $8.97 billion, a price-to-earnings ratio of 37.10, a P/E/G ratio of 1.16 and a beta of 1.67. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. As a group, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several research analyst reports. Craig Hallum cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Seaport Res Ptn cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Johnson Rice downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective for the company. in a research note on Wednesday, July 30th. BTIG Research cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, TD Cowen lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.