Chart Industries, Inc. $GTLS is Atlantic Investment Management Inc.'s 3rd Largest Position

Key Points

• Atlantic Investment Management Inc. has reduced its stake in Chart Industries, Inc. by 10.2%, now holding approximately $29.65 million worth of shares, representing 16.6% of its investment portfolio.
• Chart Industries reported earnings per share (EPS) of $2.59 for the latest quarter, falling short of analysts' expectations of $2.62, with revenues at $1.08 billion compared to forecasts of $1.11 billion.
• Several analysts have recently adjusted their ratings on Chart Industries, with most now holding a consensus rating of "Hold" and an average target price of $202.00 per share.

Atlantic Investment Management Inc. decreased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,399 shares of the industrial products company's stock after selling 23,271 shares during the period. Chart Industries comprises about 16.6% of Atlantic Investment Management Inc.'s holdings, making the stock its 3rd largest position. Atlantic Investment Management Inc. owned approximately 0.45% of Chart Industries worth $29,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. OneDigital Investment Advisors LLC lifted its holdings in Chart Industries by 13.2% during the first quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company's stock worth $292,000 after acquiring an additional 236 shares during the period. GAMMA Investing LLC lifted its holdings in Chart Industries by 118.6% during the first quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock worth $183,000 after acquiring an additional 689 shares during the period. Bank of New York Mellon Corp lifted its holdings in Chart Industries by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company's stock worth $44,602,000 after acquiring an additional 6,681 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Chart Industries by 7.4% during the first quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company's stock worth $8,318,000 after acquiring an additional 3,948 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Chart Industries by 1.5% during 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 during the period.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $0.05 during midday trading on Friday, reaching $199.31. 2,156,233 shares of the company traded hands, compared to its average volume of 2,268,757. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. The firm's fifty day moving average price is $186.00 and its two-hundred day moving average price is $162.66.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. On average, equities analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. 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 research note on Thursday, July 10th. Johnson Rice lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a research note on Wednesday, July 30th. Lake Street Capital lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a research note on Wednesday, July 30th. Finally, Cowen lowered Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $202.00.

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.