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. trimmed its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 7.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 17,020 shares of the industrial products company's stock after selling 1,400 shares during the period. 1832 Asset Management L.P.'s holdings in Chart Industries were worth $2,457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in Chart Industries in the first quarter valued at approximately $372,000. Venture Visionary Partners LLC acquired a new stake in shares of Chart Industries in the first quarter valued at $1,393,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Chart Industries in the 1st quarter valued at $75,000. Hsbc Holdings PLC raised its holdings in shares of Chart Industries by 7.7% in the 1st quarter. Hsbc Holdings PLC now owns 2,889 shares of the industrial products company's stock valued at $415,000 after buying an additional 207 shares during the period. Finally, Brooklyn Investment Group lifted its stake in Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after acquiring an additional 199 shares in the last quarter.

Chart Industries Stock Up 0.3%

Shares of Chart Industries stock traded up $0.64 during trading on Friday, hitting $199.22. 1,403,538 shares of the stock were exchanged, compared to its average volume of 1,363,853. 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 50-day moving average price is $180.42 and its 200 day moving average price is $162.69. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59. 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 posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The business 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%. As a group, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of several research reports. Barclays reduced their price target on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Johnson Rice lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a report on Wednesday, July 30th. BTIG Research cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. UBS Group reaffirmed a "neutral" rating and set a $210.00 price objective (down previously from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company 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.