Northern Trust Corp Sells 20,261 Shares of Chart Industries, Inc. $GTLS

Key Points

• Northern Trust Corp has reduced its holdings in Chart Industries, Inc. by 3.2%, now owning approximately 619,287 shares valued at $89.4 million.
• Chart Industries reported $2.59 EPS for the last quarter, missing estimates, with revenue of $1.08 billion against an expectation of $1.11 billion.
• Wall Street analysts have shifted ratings, with several firms downgrading Chart Industries to a "hold" rating, reflecting cautious sentiment about future performance.

Northern Trust Corp decreased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 619,287 shares of the industrial products company's stock after selling 20,261 shares during the period. Northern Trust Corp owned 1.36% of Chart Industries worth $89,400,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC purchased a new stake in Chart Industries during the 4th quarter worth about $25,000. Global X Japan Co. Ltd. lifted its holdings in Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Chart Industries during the 1st quarter worth about $25,000. Brooklyn Investment Group lifted its holdings in Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after purchasing an additional 199 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in Chart Industries during the 1st quarter worth about $44,000.

Chart Industries Price Performance

Shares of Chart Industries stock traded up $0.73 during trading on Friday, hitting $199.31. 1,679,724 shares of the stock traded hands, compared to its average volume of 3,719,750. 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 market cap of $8.96 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.15 and a beta of 1.59. The firm's fifty day moving average is $181.55 and its 200-day moving average is $162.52. 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 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on GTLS shares. BTIG Research cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Barclays lowered their price target on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Seaport Res Ptn cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Craig Hallum cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Chart Industries has an average rating of "Hold" and a consensus price target 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.