EntryPoint Capital LLC Invests $372,000 in Chart Industries, Inc. $GTLS

Key Points

• EntryPoint Capital LLC has acquired a new position in Chart Industries, purchasing 2,578 shares valued at approximately $372,000 during the 1st quarter.
• Several institutional investors have also shifted their stakes in GTLS, with notable transactions including Venture Visionary Partners LLC's $1.39 million purchase and Philadelphia Trust Co.'s $3.61 million stake.
• Analysts have recently downgraded Chart Industries from “strong-buy” to “hold,” resulting in a consensus price target of $202.00 for the stock.

EntryPoint Capital LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,578 shares of the industrial products company's stock, valued at approximately $372,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Analysts LLC purchased a new position in Chart Industries during the 4th quarter worth $25,000. Global X Japan Co. Ltd. lifted its stake in 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 valued at $25,000 after acquiring an additional 100 shares during the period. Opal Wealth Advisors LLC bought a new stake in Chart Industries during the first quarter valued at about $25,000. Brooklyn Investment Group increased its holdings in Chart Industries by 19,900.0% in the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 199 shares during the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in Chart Industries during the first quarter valued at approximately $44,000.

Chart Industries Price Performance

Chart Industries stock traded down $0.23 during trading hours on Wednesday, reaching $198.17. 301,815 shares of the stock were exchanged, compared to its average volume of 1,354,956. The stock has a 50 day moving average of $178.26 and a two-hundred day moving average of $162.46. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a market cap of $8.91 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59.

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 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 the consensus estimate of $1.11 billion. Equities analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a report on Wednesday, July 30th. Craig Hallum cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. TD Cowen cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Seaport Res Ptn downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, Lake Street Capital cut Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective on the stock. in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.