Avalon Trust Co Acquires 2,689 Shares of Chart Industries, Inc. (NYSE:GTLS)

Key Points

• Avalon Trust Co increased its stake in Chart Industries by 3.3%, owning a total of 84,034 shares valued at approximately $12.1 million as of the latest reporting period.
• Chart Industries reported $2.59 earnings per share for its recent quarter, missing analysts' estimates, with revenues being $1.08 billion, below the expected $1.11 billion.
• The stock has a consensus rating of "Hold" from analysts with a target price of $202.00, reflecting cautious sentiment amid recent downgrades from multiple brokerages.

Avalon Trust Co grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,034 shares of the industrial products company's stock after buying an additional 2,689 shares during the period. Avalon Trust Co owned 0.19% of Chart Industries worth $12,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GTLS. First Manhattan CO. LLC. increased its holdings in shares of Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after buying an additional 54 shares during the last quarter. Xponance Inc. boosted its stake in Chart Industries by 1.4% during the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock valued at $883,000 after acquiring an additional 85 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Chart Industries by 1.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after purchasing an additional 98 shares in the last quarter. Global X Japan Co. Ltd. lifted its holdings 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 worth $25,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in Chart Industries by 1.0% during 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 purchasing an additional 100 shares during the last quarter.

Chart Industries Stock Down 0.0%

NYSE GTLS traded down $0.07 during trading on Thursday, reaching $198.94. The company's stock had a trading volume of 2,974,887 shares, compared to its average volume of 1,217,475. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The business has a 50-day moving average price of $164.80 and a 200-day moving average price of $163.92. The stock has a market capitalization of $8.94 billion, a PE ratio of 36.97, a PEG ratio of 1.15 and a beta of 1.59. 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 issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. On average, research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of recent research reports. Johnson Rice cut 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. BTIG Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Lake Street Capital lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a report on Wednesday, July 30th. Finally, Stifel Nicolaus decreased their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock 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.