Chart Industries, Inc. $GTLS Shares Sold by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. reduced its shares in Chart Industries, Inc. by 1,400, leading to a 7.6% decrease in its holdings, now valued at approximately $2.46 million.
• Several institutional investors, including Dimensional Fund Advisors and Northern Trust Corp, have increased their positions in Chart Industries, showcasing varied market sentiment.
• Chart Industries' recent earnings report showed a missed EPS estimate of $2.59 versus the $2.62 consensus, along with revenues of $1.08 billion which fell short of the expected $1.11 billion.

1832 Asset Management L.P. lessened its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,020 shares of the industrial products company's stock after selling 1,400 shares during the quarter. 1832 Asset Management L.P.'s holdings in Chart Industries were worth $2,457,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC grew its position in shares of Chart Industries by 13.2% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company's stock worth $292,000 after buying an additional 236 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Chart Industries by 118.6% in the first quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock valued at $183,000 after purchasing an additional 689 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Chart Industries by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company's stock valued at $44,602,000 after purchasing an additional 6,681 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Chart Industries by 7.4% in the first quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company's stock valued at $8,318,000 after purchasing an additional 3,948 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in Chart Industries by 1.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock worth $979,000 after acquiring an additional 98 shares during the period.

Chart Industries Stock Up 0.4%

Shares of GTLS traded up $0.73 during mid-day trading on Friday, reaching $199.31. The company's stock had a trading volume of 1,679,724 shares, compared to its average volume of 3,719,750. The stock has a market cap of $8.96 billion, a PE ratio of 37.05, a price-to-earnings-growth 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. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company's 50 day moving average is $181.55 and its 200 day moving average is $162.52.

Chart Industries (NYSE:GTLS - Get Free Report) last announced 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 analyst estimates of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Hsbc Global Res raised Chart Industries to a "hold" rating in a report on Wednesday, July 30th. Lake Street Capital downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a research report on Wednesday, July 30th. Raymond James Financial restated a "market perform" rating on shares of Chart Industries in a research report on Wednesday, July 30th. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Finally, Craig Hallum downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average 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.