Cerity Partners LLC Sells 6,231 Shares of Chart Industries, Inc. (NYSE:GTLS)

Cerity Partners LLC decreased its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 36,385 shares of the industrial products company's stock after selling 6,231 shares during the quarter. Cerity Partners LLC owned 0.08% of Chart Industries worth $5,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC increased its stake in shares of Chart Industries by 13.2% in the first quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company's stock valued at $292,000 after buying an additional 236 shares in the last quarter. GAMMA Investing LLC increased its position in Chart Industries by 118.6% in the 1st quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock valued at $183,000 after acquiring an additional 689 shares in the last quarter. Bank of New York Mellon Corp increased its position in Chart Industries by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company's stock valued at $44,602,000 after acquiring an additional 6,681 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Chart Industries by 1.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock worth $979,000 after acquiring an additional 98 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Chart Industries by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the industrial products company's stock worth $711,000 after purchasing an additional 130 shares in the last quarter.

Chart Industries Stock Up 0.2%

GTLS stock traded up $0.36 during mid-day trading on Friday, reaching $171.82. The company had a trading volume of 547,194 shares, compared to its average volume of 784,855. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 0.66 and a beta of 1.68. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The stock has a 50 day simple moving average of $159.36 and a two-hundred day simple moving average of $165.56. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The firm's revenue was up 38.8% on a year-over-year basis. During the same period last year, the business earned $1.49 earnings per share. As a group, equities analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GTLS. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Wells Fargo & Company dropped their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Barclays set a $169.00 price target on shares of Chart Industries and gave the company an "equal weight" rating in a report on Thursday, July 10th. Stifel Nicolaus dropped their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, TD Cowen reduced their target price on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Chart Industries currently has a consensus rating of "Buy" and a consensus price target of $199.82.

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.