Chart Industries, Inc. $GTLS Shares Sold by Clearline Capital LP

Key Points

• Clearline Capital LP reduced its stake in Chart Industries, Inc. by 27.1% in the first quarter, now holding 9,459 shares valued at approximately $1.366 million.
• Several hedge funds have recently adjusted their stakes in Chart Industries, with OneDigital Investment Advisors increasing their holdings by 13.2% during the same period.
• Chart Industries reported $2.59 EPS for the last quarter, missing analyst estimates of $2.62, with a revenue of $1.08 billion compared to expectations of $1.11 billion.

Clearline Capital LP lessened its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 27.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,459 shares of the industrial products company's stock after selling 3,512 shares during the period. Clearline Capital LP's holdings in Chart Industries were worth $1,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. Janus Henderson Group PLC lifted its position in shares of Chart Industries by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock worth $307,046,000 after purchasing an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Chart Industries by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company's stock worth $168,853,000 after buying an additional 105,027 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in Chart Industries by 1.4% during the 1st quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock worth $141,427,000 after buying an additional 13,484 shares during the last quarter. Gates Capital Management Inc. lifted its holdings in Chart Industries by 61.5% during the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company's stock worth $112,115,000 after buying an additional 295,738 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Chart Industries by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company's stock worth $77,438,000 after buying an additional 18,338 shares during the last quarter.

Chart Industries Stock Performance

NYSE GTLS traded down $0.65 during trading on Friday, reaching $199.24. The company's stock had a trading volume of 949,407 shares, compared to its average volume of 1,355,501. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. The business's fifty day moving average price is $188.65 and its 200-day moving average price is $163.21. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 37.03, 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 results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. As a group, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Hsbc Global Res raised Chart Industries to a "hold" rating in a report on Wednesday, July 30th. Cowen cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Johnson Rice cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a research report on Wednesday, July 30th. Seaport Res Ptn cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Citigroup cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.