Chart Industries, Inc. $GTLS Shares Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its holdings in Chart Industries by 302.5% in Q1, now owning 23,780 shares valued at approximately $3.4 million.
• Chart Industries reported Q2 earnings of $2.59 EPS, which missed analysts' estimates of $2.62, with revenues hitting $1.08 billion against an expected $1.11 billion.
• Recent analyst ratings for Chart Industries have shown a shift, with several firms downgrading their ratings from "strong-buy" to "hold" and adjusting price targets lower.

Northwestern Mutual Wealth Management Co. lifted its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 302.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 23,780 shares of the industrial products company's stock after purchasing an additional 17,872 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.05% of Chart Industries worth $3,433,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GTLS. Frontier Capital Management Co. LLC lifted its position in shares of Chart Industries by 920.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company's stock worth $44,670,000 after purchasing an additional 211,134 shares during the period. Driehaus Capital Management LLC bought a new position in shares of Chart Industries during the 4th quarter worth approximately $36,545,000. Van Berkom & Associates Inc. raised its stake in shares of Chart Industries by 101.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company's stock worth $54,095,000 after acquiring an additional 188,477 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Chart Industries by 31,455.4% during the 1st quarter. GAMMA Investing LLC now owns 183,337 shares of the industrial products company's stock worth $26,467,000 after acquiring an additional 182,756 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Chart Industries by 23.4% during the 4th quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after acquiring an additional 121,259 shares in the last quarter.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded up $0.73 during midday trading on Friday, reaching $199.31. The company's stock had a trading volume of 1,679,724 shares, compared to its average volume of 3,203,026. The firm has a market capitalization of $8.96 billion, a PE ratio of 37.05, a P/E/G ratio of 1.15 and a beta of 1.67. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $181.55 and a 200 day moving average of $162.30. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. On average, equities analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GTLS has been the topic of a number of recent analyst reports. BTIG Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Craig Hallum lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. TD Cowen lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Morgan Stanley dropped their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, Barclays cut their price objective on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $202.00.

About Chart Industries

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.