Banque Cantonale Vaudoise Makes New $192,000 Investment in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• Banque Cantonale Vaudoise invested about $192,000 in Chart Industries, Inc. by acquiring 1,325 shares during the 1st quarter, reflecting growing institutional interest in the company.
• Equities analysts have recently dropped ratings on Chart Industries, with some changing it from "strong-buy" to "hold," impacting investor sentiment amid fluctuating stock performance.
• Chart Industries reported earnings per share of $2.59 for the last quarter, missing estimates slightly, with revenue also falling short of projections, indicating challenges in meeting market expectations.

Banque Cantonale Vaudoise acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,325 shares of the industrial products company's stock, valued at approximately $192,000.

Several other hedge funds also recently bought and sold shares of the stock. LPL Financial LLC grew its holdings in shares of Chart Industries by 47.3% during the fourth quarter. LPL Financial LLC now owns 21,143 shares of the industrial products company's stock worth $4,035,000 after buying an additional 6,785 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Chart Industries by 17.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,260 shares of the industrial products company's stock worth $1,195,000 after buying an additional 918 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in Chart Industries in the 4th quarter valued at about $385,000. Huntington National Bank lifted its stake in shares of Chart Industries by 97.2% in the 4th quarter. Huntington National Bank now owns 1,146 shares of the industrial products company's stock worth $219,000 after acquiring an additional 565 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in Chart Industries during the fourth quarter valued at about $376,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GTLS. Morgan Stanley reduced their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Lake Street Capital downgraded 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. Johnson Rice downgraded 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. Seaport Res Ptn cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Craig Hallum downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of "Hold" and an average price target of $202.00.

Chart Industries Price Performance

GTLS traded down $0.04 during midday trading on Thursday, hitting $198.96. 4,706,269 shares of the company traded hands, compared to its average volume of 1,230,040. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 1.15 and a beta of 1.59. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The business has a 50 day simple moving average of $164.80 and a two-hundred day simple moving average of $163.92.

Chart Industries (NYSE:GTLS - Get Free Report) last announced 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 net margin of 6.29% and a return on equity of 13.71%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts forecast 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.