Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Cwm LLC

Cwm LLC decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 93.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,016 shares of the industrial products company's stock after selling 14,826 shares during the quarter. Cwm LLC's holdings in Chart Industries were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hughes Financial Services LLC acquired a new position in Chart Industries in the first quarter valued at about $44,000. Louisiana State Employees Retirement System lifted its position in Chart Industries by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company's stock valued at $1,703,000 after buying an additional 100 shares during the last quarter. New York State Common Retirement Fund lifted its position in Chart Industries by 5.2% in the first quarter. New York State Common Retirement Fund now owns 93,303 shares of the industrial products company's stock valued at $13,469,000 after buying an additional 4,596 shares during the last quarter. Xponance Inc. lifted its position in Chart Industries by 1.4% in 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 during the last quarter. Finally, State of Michigan Retirement System lifted its position in Chart Industries by 1.0% in 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 during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GTLS. Wells Fargo & Company reduced their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Stifel Nicolaus dropped their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. TD Cowen reduced their target price on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, 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 note on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Chart Industries presently has a consensus rating of "Buy" and a consensus price target of $199.82.

Chart Industries Stock Down 0.1%

GTLS stock opened at $171.67 on Tuesday. The firm has a market capitalization of $7.85 billion, a P/E ratio of 34.68, a P/E/G ratio of 0.67 and a beta of 1.68. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. The company's 50 day simple moving average is $159.43 and its 200-day simple moving average is $163.82.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. Chart Industries's revenue for the quarter was up 38.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 earnings per share. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.

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