Beech Hill Advisors Inc. Sells 7,240 Shares of Chart Industries, Inc. $GTLS

Key Points

• Beech Hill Advisors Inc. cut its stake in Chart Industries, Inc. by 30.8%, selling 7,240 shares and reducing its holdings to 16,262 shares worth approximately $2.68 million.
• Multiple hedge funds increased their positions in Chart Industries, with Perpetual Ltd purchasing a significant new stake valued at $107.5 million during the same quarter.
• Despite a recent earnings report that missed consensus estimates, analysts have a consensus rating of "Hold" for Chart Industries, alongside a revised price target of $204.85.

Beech Hill Advisors Inc. reduced its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 30.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,262 shares of the industrial products company's stock after selling 7,240 shares during the quarter. Beech Hill Advisors Inc.'s holdings in Chart Industries were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Perpetual Ltd purchased a new stake in shares of Chart Industries during the 2nd quarter valued at $107,498,000. Gates Capital Management Inc. lifted its stake in Chart Industries by 61.5% during the first quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company's stock worth $112,115,000 after purchasing an additional 295,738 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Chart Industries by 101.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company's stock worth $54,095,000 after purchasing an additional 188,477 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Chart Industries by 77.7% during the 1st quarter. Driehaus Capital Management LLC now owns 340,198 shares of the industrial products company's stock valued at $49,111,000 after buying an additional 148,703 shares in the last quarter. Finally, Engaged Capital LLC lifted its position in Chart Industries by 64.1% in the 1st quarter. Engaged Capital LLC now owns 368,996 shares of the industrial products company's stock worth $53,268,000 after buying an additional 144,200 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GTLS shares. Raymond James Financial reaffirmed a "market perform" rating on shares of Chart Industries in a research note on Wednesday, July 30th. Lake Street Capital downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a research note on Wednesday, July 30th. UBS Group restated a "neutral" rating and set a $210.00 price target (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Citigroup cut Chart Industries from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, BTIG Research lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $204.85.

Chart Industries Trading Down 0.1%

GTLS opened at $199.71 on Tuesday. The business has a 50 day simple moving average of $199.39 and a two-hundred day simple moving average of $171.86. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.16 and a beta of 1.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last issued 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). 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%. Analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current 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.

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