Archford Capital Strategies LLC Has $531,000 Position in Chart Industries, Inc. $GTLS

Key Points

• Archford Capital Strategies LLC reduced its stake in Chart Industries, Inc. by 36.3% during the second quarter, leaving them with shares valued at $531,000.
• Several analysts have recently downgraded Chart Industries, including UBS Group and BTIG Research, with a consensus rating of “Hold” and an average price target of $202.00.
• Chart Industries reported earnings of $2.59 per share, which was below analysts' expectations of $2.62, and reported quarterly revenue of $1.08 billion, also missing estimates.

Archford Capital Strategies LLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 36.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,223 shares of the industrial products company's stock after selling 1,835 shares during the quarter. Archford Capital Strategies LLC's holdings in Chart Industries were worth $531,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Chart Industries during the first quarter worth approximately $25,000. Global X Japan Co. Ltd. lifted its stake 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 valued at $25,000 after acquiring an additional 100 shares during the last quarter. Brooklyn Investment Group lifted its stake in Chart Industries by 19,900.0% in the first 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. SVB Wealth LLC acquired a new stake in Chart Industries in the first quarter valued at approximately $30,000. Finally, Toth Financial Advisory Corp acquired a new stake in Chart Industries in the second quarter valued at approximately $33,000.

Analyst Ratings Changes

A number of analysts have issued reports on GTLS shares. UBS Group reiterated a "neutral" rating and issued a $210.00 target price (down from $225.00) on shares of Chart Industries 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. Seaport Res Ptn cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Johnson Rice cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price for the company. in a research note on Wednesday, July 30th. Finally, Barclays reduced their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $202.00.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $199.93 on Tuesday. The firm has a fifty day simple moving average of $196.21 and a 200-day simple moving average of $166.48. 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 1-year low of $104.60 and a 1-year high of $220.03. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 1.16 and a beta of 1.67.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $1.11 billion. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.

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