Harvey Capital Management Inc. lowered its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,332 shares of the industrial products company's stock after selling 9,305 shares during the quarter. Chart Industries comprises approximately 1.1% of Harvey Capital Management Inc.'s portfolio, making the stock its 29th largest holding. Harvey Capital Management Inc. owned approximately 0.07% of Chart Industries worth $4,234,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC increased its holdings in shares of Chart Industries by 2.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 4,250 shares of the industrial products company's stock worth $614,000 after purchasing an additional 117 shares during the period. M&T Bank Corp increased its holdings in shares of Chart Industries by 14.2% in the first quarter. M&T Bank Corp now owns 3,204 shares of the industrial products company's stock worth $463,000 after purchasing an additional 399 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Chart Industries by 10.4% in the first quarter. Crossmark Global Holdings Inc. now owns 3,036 shares of the industrial products company's stock worth $438,000 after purchasing an additional 287 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Chart Industries by 7.4% in the first quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company's stock worth $8,318,000 after purchasing an additional 3,948 shares during the period. Finally, Braun Stacey Associates Inc. increased its stake in Chart Industries by 3.5% in the first quarter. Braun Stacey Associates Inc. now owns 90,218 shares of the industrial products company's stock valued at $13,024,000 after acquiring an additional 3,070 shares during the last quarter.
Chart Industries Price Performance
Shares of NYSE GTLS traded up $1.55 during mid-day trading on Thursday, hitting $170.37. 234,533 shares of the company's stock traded hands, compared to its average volume of 787,415. The company's 50-day moving average is $157.62 and its two-hundred day moving average is $166.54. 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 has a market capitalization of $7.79 billion, a P/E ratio of 34.40, a PEG ratio of 0.65 and a beta of 1.68. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year 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, beating the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The firm's revenue was up 38.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 EPS. On average, 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 research firms recently commented on GTLS. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Wells Fargo & Company cut their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Barclays cut their price target 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. TD Cowen cut their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Stifel Nicolaus cut 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 report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of "Buy" and an average price target of $199.82.
Read Our Latest Stock Analysis on GTLS
Chart Industries Company Profile
(
Free Report)
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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