Chart Industries, Inc. $GTLS Shares Sold by Northern Trust Corp

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 cut its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 619,287 shares of the industrial products company's stock after selling 20,261 shares during the quarter. Northern Trust Corp owned 1.36% of Chart Industries worth $89,400,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brooklyn Investment Group raised its stake 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 valued at $29,000 after buying an additional 199 shares during the last quarter. Philadelphia Trust Co. purchased a new stake in Chart Industries during the 1st quarter valued at $3,609,000. Dimensional Fund Advisors LP raised its stake 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 valued at $168,853,000 after buying an additional 105,027 shares during the last quarter. Providence Capital Advisors LLC raised its stake in Chart Industries by 2.3% during the 1st quarter. Providence Capital Advisors LLC now owns 30,149 shares of the industrial products company's stock valued at $4,352,000 after buying an additional 692 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in Chart Industries in the 1st quarter worth $228,000.

Chart Industries Stock Performance

Shares of GTLS traded up $0.65 during trading hours on Friday, reaching $199.23. 1,314,630 shares of the company traded hands, compared to its average volume of 1,363,430. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-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 stock has a market capitalization of $8.95 billion, a P/E ratio of 37.03, a P/E/G ratio of 1.14 and a beta of 1.59. The business has a fifty day moving average price of $180.42 and a 200-day moving average price of $162.69.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GTLS. Hsbc Global Res upgraded Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. Raymond James Financial reissued a "market perform" rating on shares of Chart Industries in a research note on Wednesday, July 30th. Morgan Stanley cut their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Barclays cut their price objective on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $210.00 price target (down from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.