Dimensional Fund Advisors LP Purchases 105,027 Shares of Chart Industries, Inc. $GTLS

Key Points

• Dimensional Fund Advisors LP increased its stake in Chart Industries by 9.9% during Q1, now holding 1,169,664 shares valued at approximately $168.85 million.
• Chart Industries reported earnings per share (EPS) of $2.59 for Q2, slightly missing analysts' expectations, and a revenue of $1.08 billion, which also fell short of the forecasted $1.11 billion.
• Several institutional investors have raised their positions in Chart Industries, including OneDigital Investment Advisors, which increased its stake by 13.2%, acquiring additional shares during the same quarter.

Dimensional Fund Advisors LP raised its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,169,664 shares of the industrial products company's stock after acquiring an additional 105,027 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.56% of Chart Industries worth $168,853,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Analysts LLC acquired a new stake in Chart Industries in the fourth quarter valued at $25,000. Global X Japan Co. Ltd. lifted its stake in Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Chart Industries in the first quarter valued at $25,000. Hughes Financial Services LLC acquired a new stake in Chart Industries in the first quarter valued at $44,000. Finally, Byrne Asset Management LLC acquired a new stake in Chart Industries in the first quarter valued at $45,000.

Chart Industries Stock Performance

Chart Industries stock traded up $0.0570 during midday trading on Friday, hitting $197.6570. The company's stock had a trading volume of 1,998,792 shares, compared to its average volume of 5,402,559. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. 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 company has a 50-day moving average price of $176.13 and a two-hundred day moving average price of $162.48. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 1.14 and a beta of 1.59.

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 the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Seaport Res Ptn cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Barclays cut their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. UBS Group restated a "neutral" rating and set a $210.00 target price (down previously from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. Cowen cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research note 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 given a Hold rating to the company's stock. According to MarketBeat, Chart Industries presently has an average rating of "Hold" and a consensus target price of $202.00.

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.