Chart Industries, Inc. $GTLS Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Chart Industries by 15.1%, selling 75,223 shares and leaving it with a total of 423,005 shares valued at $61,065,000.
• Chart Industries reported earnings per share of $2.59 for the last quarter, which missed analysts' expectations of $2.62, along with a net margin of 6.29% and revenue of $1.08 billion.
• Equity analysts have set a consensus rating of "Hold" for Chart Industries, with an average price target of $202.00 following various adjustments in ratings and targets from multiple firms.

Wellington Management Group LLP trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 423,005 shares of the industrial products company's stock after selling 75,223 shares during the period. Wellington Management Group LLP owned 0.93% of Chart Industries worth $61,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GTLS. Capital Analysts LLC purchased a new stake in Chart Industries during the 4th quarter worth $25,000. Opal Wealth Advisors LLC purchased a new position in Chart Industries in the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. boosted its position in Chart Industries by 142.9% in the 1st 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 during the last quarter. Brooklyn Investment Group boosted its position in Chart Industries by 19,900.0% in 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. Finally, Hughes Financial Services LLC purchased a new position in Chart Industries in the 1st quarter valued at about $44,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Hsbc Global Res raised shares of Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Barclays decreased their price objective on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Craig Hallum cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Finally, Lake Street Capital cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective for the company. in a research 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's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $202.00.

Chart Industries Stock Up 0.2%

Shares of Chart Industries stock traded up $0.48 during trading on Thursday, reaching $198.48. The company had a trading volume of 543,477 shares, compared to its average volume of 1,355,634. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59. The firm's fifty day moving average is $179.33 and its 200-day moving average is $162.71. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its 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). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. On average, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.