Chart Industries, Inc. (NYSE:GTLS) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 512,876 shares of the industrial products company's stock after selling 3,782 shares during the period. Chart Industries comprises about 0.7% of GW&K Investment Management LLC's investment portfolio, making the stock its 28th largest position. GW&K Investment Management LLC owned approximately 1.14% of Chart Industries worth $74,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GTLS. Capital Analysts LLC acquired a new position in shares of Chart Industries during the fourth quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Chart Industries in the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. boosted its position in shares of 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 valued at $25,000 after acquiring an additional 100 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Chart Industries in the first quarter valued at $44,000. Finally, Byrne Asset Management LLC bought a new position in Chart Industries in the first quarter valued at about $45,000.

Chart Industries Stock Performance

NYSE:GTLS opened at $171.82 on Monday. The stock's 50-day simple moving average is $159.61 and its 200 day simple moving average is $165.08. The firm has a market capitalization of $7.85 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.68. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $1.49 earnings per share. The firm's revenue was up 38.8% compared to the same quarter last year. On average, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GTLS shares. Stifel Nicolaus cut their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley lowered their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. TD Cowen lowered their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company lowered their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average 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.

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