Ardsley Advisory Partners LP Sells 5,000 Shares of Chart Industries, Inc. $GTLS

Key Points

• Ardsley Advisory Partners LP reduced its stake in Chart Industries, Inc. by 25.0%, selling 5,000 shares and leaving them with 15,000 shares worth $2.165 million as of the latest SEC filing.
• Analysts have recently lowered their ratings on Chart Industries, with firms like TD Cowen and BTIG Research changing their ratings from "strong-buy" to "hold".
• The company's earnings report indicates a missed EPS estimate at $2.59 versus the consensus of $2.62, alongside revenue of $1.08 billion, below expectations of $1.11 billion.

Ardsley Advisory Partners LP trimmed its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 25.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the industrial products company's stock after selling 5,000 shares during the period. Ardsley Advisory Partners LP's holdings in Chart Industries were worth $2,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. increased its stake in Chart Industries by 142.9% during 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 period. Opal Wealth Advisors LLC bought a new position in Chart Industries during the first quarter valued at about $25,000. Brooklyn Investment Group increased its stake in Chart Industries by 19,900.0% during the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 199 shares during the period. SVB Wealth LLC bought a new position in Chart Industries during the first quarter valued at about $30,000. Finally, Hughes Financial Services LLC bought a new position in Chart Industries during the first quarter valued at about $44,000.

Chart Industries Trading Up 0.0%

NYSE:GTLS traded up $0.02 during trading hours on Monday, hitting $199.47. 619,629 shares of the stock were exchanged, compared to its average volume of 1,364,231. The company's 50 day moving average is $186.00 and its two-hundred day moving average is $162.46. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. 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 company has a market capitalization of $8.97 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67.

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 (EPS) 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Hsbc Global Res raised Chart Industries to a "hold" rating in a report on Wednesday, July 30th. Morgan Stanley decreased their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Johnson Rice downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective on the stock. 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. Finally, Seaport Res Ptn downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $202.00.

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.