Allianz Asset Management GmbH Lowers Stake in Chart Industries, Inc. (NYSE:GTLS)

Allianz Asset Management GmbH decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 84.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,416 shares of the industrial products company's stock after selling 160,960 shares during the period. Allianz Asset Management GmbH owned approximately 0.07% of Chart Industries worth $4,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. First Manhattan CO. LLC. grew its position in shares of Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after purchasing an additional 54 shares in the last quarter. Xponance Inc. grew its position in Chart Industries by 1.4% in the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock worth $883,000 after acquiring an additional 85 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Chart Industries by 1.5% in 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 in the last quarter. Global X Japan Co. Ltd. grew its position 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 worth $25,000 after acquiring an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in Chart Industries by 1.0% in the first quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock worth $1,458,000 after acquiring an additional 100 shares in the last quarter.

Chart Industries Stock Performance

GTLS stock traded up $0.07 during midday trading on Friday, reaching $198.90. The stock had a trading volume of 7,949,072 shares, compared to its average volume of 1,082,296. The firm has a fifty day simple moving average of $161.68 and a two-hundred day simple moving average of $164.30. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.55. The stock has a market cap of $8.94 billion, a PE ratio of 36.97, a P/E/G ratio of 0.78 and a beta of 1.68.

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

Analysts Set New Price Targets

GTLS has been the subject of several recent research reports. Cowen lowered Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday. 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. Raymond James Financial reissued a "market perform" rating on shares of Chart Industries in a research note on Wednesday. UBS Group downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from $225.00 to $210.00 in a research note on Wednesday. Finally, The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $202.00.

Chart Industries Company Profile

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.