Callan Family Office LLC Purchases Shares of 1,320 Chart Industries, Inc. $GTLS

Key Points

• Callan Family Office LLC has acquired a new stake in Chart Industries, purchasing 1,320 shares valued at approximately $217,000 during the 2nd quarter.
• Chart Industries reported a net margin of 6.29% and a return on equity of 13.71%, but missed earnings estimates for the quarter, posting $2.59 earnings per share against a consensus of $2.62.
• Analysts have mixed views on Chart Industries, with UBS maintaining a neutral rating and lowering its price target, while other firms have downgraded their ratings to hold.

Callan Family Office LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 1,320 shares of the industrial products company's stock, valued at approximately $217,000.

Several other institutional investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its holdings in Chart Industries by 6.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the industrial products company's stock valued at $2,075,000 after acquiring an additional 800 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in Chart Industries by 4.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 19,200 shares of the industrial products company's stock valued at $3,161,000 after acquiring an additional 800 shares during the last quarter. Woodmont Investment Counsel LLC raised its holdings in Chart Industries by 11.0% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 21,426 shares of the industrial products company's stock valued at $3,528,000 after acquiring an additional 2,116 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Chart Industries by 5.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,211 shares of the industrial products company's stock valued at $693,000 after acquiring an additional 226 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Chart Industries by 3.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 14,071 shares of the industrial products company's stock valued at $2,317,000 after acquiring an additional 434 shares during the last quarter.

Chart Industries Stock Performance

NYSE:GTLS opened at $199.91 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The firm has a 50-day moving average of $199.37 and a two-hundred day moving average of $170.82. The stock has a market cap of $8.98 billion, a P/E ratio of 37.16, a PEG ratio of 1.16 and a beta of 1.71. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted 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 firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. On average, research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. UBS Group reiterated a "neutral" rating and issued a $210.00 price target (down from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Hsbc Global Res upgraded Chart Industries to a "hold" rating in a report on Wednesday, July 30th. Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Barclays dropped their price objective on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Finally, Craig Hallum downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $204.85.

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.

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