Chart Industries, Inc. $GTLS Stock Holdings Increased by Clough Capital Partners L P

Key Points

• Clough Capital Partners L P increased its stake in Chart Industries by 26.7% in the first quarter, owning over 10,328 shares valued at approximately $1.49 million.
• Chart Industries reported earnings of $2.59 per share, missing estimates, with quarterly revenue of $1.08 billion.
• Analysts have mixed ratings on Chart Industries, with a consensus rating of "Hold" and a price target around $202.00.

Clough Capital Partners L P lifted its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 26.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,328 shares of the industrial products company's stock after acquiring an additional 2,174 shares during the quarter. Clough Capital Partners L P's holdings in Chart Industries were worth $1,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in shares of Chart Industries by 2.2% in the fourth quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock valued at $307,046,000 after acquiring an additional 35,004 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Chart Industries by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company's stock valued at $168,853,000 after purchasing an additional 105,027 shares during the last quarter. King Luther Capital Management Corp grew its stake in Chart Industries by 1.4% in the first quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock valued at $141,427,000 after purchasing an additional 13,484 shares during the last quarter. Northern Trust Corp grew its stake in Chart Industries by 23.4% in the fourth quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock valued at $122,051,000 after purchasing an additional 121,259 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Chart Industries by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company's stock valued at $77,438,000 after purchasing an additional 18,338 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GTLS shares. Morgan Stanley dropped their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Craig Hallum downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. UBS Group restated a "neutral" rating and issued a $210.00 target price (down from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Raymond James Financial reiterated a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Finally, Seaport Res Ptn lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Down 0.1%

NYSE GTLS traded down $0.23 during mid-day trading on Tuesday, reaching $199.14. 1,492,692 shares of the company's stock traded hands, compared to its average volume of 1,366,504. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a fifty day simple moving average of $182.66 and a 200-day simple moving average of $162.34. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 37.01, a P/E/G ratio of 1.15 and a beta of 1.67.

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 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%. As a group, equities research analysts expect 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.