Aristeia Capital L.L.C. Acquires Shares of 2,892 Chart Industries, Inc. $GTLS

Key Points

• Aristeia Capital L.L.C. purchased 2,892 shares of Chart Industries, Inc., valued at approximately $417,000, during the 1st quarter.
• Equities analysts have downgraded Chart Industries from "strong-buy" ratings to "hold" ratings, with four analysts giving it a Buy rating and thirteen assigning a Hold rating.
• Chart Industries reported earnings of $2.59 EPS for the last quarter, missing analyst estimates and generating revenue of $1.08 billion compared to expected $1.11 billion.

Aristeia Capital L.L.C. bought a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,892 shares of the industrial products company's stock, valued at approximately $417,000.

Other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. increased its holdings in shares of 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 purchasing an additional 100 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Chart Industries in the first quarter valued at approximately $25,000. Brooklyn Investment Group increased its holdings in shares of 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 purchasing an additional 199 shares during the period. SVB Wealth LLC acquired a new position in shares of Chart Industries in the first quarter valued at approximately $30,000. Finally, Hughes Financial Services LLC acquired a new position in shares of Chart Industries in the first quarter valued at approximately $44,000.

Analysts Set New Price Targets

GTLS has been the topic of a number of recent analyst reports. TD Cowen lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Seaport Res Ptn lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Citigroup lowered Chart Industries from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Cowen lowered Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Barclays lowered their target price on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $202.00.

Chart Industries Price Performance

Shares of NYSE:GTLS traded down $0.65 on Friday, hitting $199.24. The company had a trading volume of 949,407 shares, compared to its average volume of 1,355,501. The business has a 50 day moving average of $188.65 and a 200 day moving average of $163.21. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The company has a market cap of $8.96 billion, a PE ratio of 37.03, a PEG ratio of 1.15 and a beta of 1.67. 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 (NYSE:GTLS - Get Free Report) last released its 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 return on equity of 13.71% and a net margin of 6.29%.The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.11 billion. As a group, equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Chart Industries 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.