Chart Industries, Inc. $GTLS Stock Position Decreased by National Bank of Canada FI

Key Points

• National Bank of Canada FI significantly reduced its stake in Chart Industries by 66.1%, selling 3,867 shares and now holding 1,985 shares valued at approximately $287,000.
• Several hedge funds have increased their positions in Chart Industries, with Janus Henderson Group raising its holdings by 2.2%, while Dimensional Fund Advisors raised theirs by 37.7% in the last quarter.
• Chart Industries reported EPS of $2.59 in its latest earnings announcement, missing expectations of $2.62, and had a revenue of $1.08 billion, falling short of the $1.11 billion forecast.

National Bank of Canada FI decreased its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 66.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,985 shares of the industrial products company's stock after selling 3,867 shares during the quarter. National Bank of Canada FI's holdings in Chart Industries were worth $287,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. First Manhattan CO. LLC. boosted its stake in Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after buying an additional 54 shares in the last quarter. Xponance Inc. boosted its stake in Chart Industries by 1.4% during the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock valued at $883,000 after buying an additional 85 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Chart Industries by 1.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after buying an additional 98 shares in the last quarter. Global X Japan Co. Ltd. boosted 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 buying an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in Chart Industries by 1.0% during the first quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock valued at $1,458,000 after buying an additional 100 shares in the last quarter.

Chart Industries Trading Up 0.2%

GTLS stock traded up $0.3490 during mid-day trading on Friday, reaching $197.9490. 729,728 shares of the stock traded hands, compared to its average volume of 1,353,118. The stock's fifty day moving average is $175.06 and its 200-day moving average is $162.92. The company has a market cap of $8.90 billion, a P/E ratio of 36.80, a P/E/G ratio of 1.15 and a beta of 1.59. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced 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). The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GTLS. Cowen cut Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. BTIG Research cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Hsbc Global Res raised Chart Industries to a "hold" rating in a report on Wednesday, July 30th. Johnson Rice downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price for the company. in a report on Wednesday, July 30th. Finally, Morgan Stanley cut 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. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company 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.