Emerald Advisers LLC Reduces Holdings in Chart Industries, Inc. (NYSE:GTLS)

Emerald Advisers LLC decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 246,037 shares of the industrial products company's stock after selling 3,401 shares during the period. Chart Industries makes up approximately 1.6% of Emerald Advisers LLC's investment portfolio, making the stock its 15th largest holding. Emerald Advisers LLC owned 0.55% of Chart Industries worth $35,518,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Chart Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock worth $820,115,000 after purchasing an additional 59,889 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Chart Industries by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock worth $307,046,000 after purchasing an additional 35,004 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 37.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after purchasing an additional 291,520 shares during the period. Northern Trust Corp lifted its holdings in shares of Chart Industries by 23.4% during the fourth quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after purchasing an additional 121,259 shares during the period. Finally, Wolf Hill Capital Management LP acquired a new stake in shares of Chart Industries during the fourth quarter worth about $101,121,000.

Chart Industries Price Performance

Shares of GTLS stock traded up $3.86 during trading hours on Wednesday, hitting $168.76. 591,263 shares of the company's stock were exchanged, compared to its average volume of 786,410. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. The firm has a market cap of $7.71 billion, a P/E ratio of 34.09, a P/E/G ratio of 0.64 and a beta of 1.68. The firm has a 50 day moving average of $159.08 and a two-hundred day moving average of $165.69. 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 quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the business earned $1.49 earnings per share. The firm's revenue for the quarter was up 38.8% on a year-over-year basis. Sell-side analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on GTLS. Barclays set a $169.00 price target on Chart Industries and gave the company an "equal weight" rating in a report on Thursday, July 10th. 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. Wells Fargo & Company decreased their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus decreased their price target on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Chart Industries has a consensus rating of "Buy" and a consensus target price of $199.82.

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.