B. Metzler seel. Sohn & Co. AG Increases Stock Position in Chart Industries, Inc. $GTLS

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Chart Industries by 18.9%, owning 23,722 shares valued at approximately $3.4 million.
• Several hedge funds have significantly boosted their holdings in Chart Industries, with Frontier Capital Management increasing its stake by 920.6% in the last quarter.
• Analysts are cautiously rating Chart Industries, with five analysts giving a Buy rating and twelve assigning a Hold rating, reflecting a mixed outlook despite recent performance declines.

B. Metzler seel. Sohn & Co. AG grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 18.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,722 shares of the industrial products company's stock after acquiring an additional 3,776 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.05% of Chart Industries worth $3,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GTLS. Janus Henderson Group PLC boosted its holdings in Chart Industries by 2.2% in the fourth quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock worth $307,046,000 after purchasing an additional 35,004 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Chart Industries by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company's stock worth $168,853,000 after purchasing an additional 105,027 shares in the last quarter. King Luther Capital Management Corp grew its stake in Chart Industries by 1.4% during the first quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock worth $141,427,000 after buying an additional 13,484 shares during the last quarter. Northern Trust Corp grew its stake in Chart Industries by 23.4% during the fourth quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after buying an additional 121,259 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Chart Industries by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company's stock valued at $77,438,000 after purchasing an additional 18,338 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GTLS shares. Lake Street Capital lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective on the stock. in a report on Wednesday, July 30th. Hsbc Global Res raised shares of Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. UBS Group reissued a "neutral" rating and issued a $210.00 price objective (down previously from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Cowen downgraded shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley cut their target price on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $202.00.

Chart Industries Trading Up 0.4%

GTLS traded up $0.73 during trading on Friday, reaching $199.31. 1,679,724 shares of the company's stock were exchanged, compared to its average volume of 3,203,026. The firm has a fifty day moving average price of $181.55 and a two-hundred day moving average price of $162.30. 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 one year low of $101.60 and a one year high of $220.03. The stock has a market capitalization of $8.96 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.29% and a return on equity of 13.71%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. As a group, equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal 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.