Harvey Capital Management Inc. Sells 9,305 Shares of Chart Industries, Inc. (NYSE:GTLS)

Harvey Capital Management Inc. trimmed its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 24.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,332 shares of the industrial products company's stock after selling 9,305 shares during the period. Chart Industries accounts for 1.1% of Harvey Capital Management Inc.'s holdings, making the stock its 29th largest position. Harvey Capital Management Inc. owned 0.07% of Chart Industries worth $4,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Chart Industries by 118.6% in the first quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock valued at $183,000 after buying an additional 689 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Chart Industries by 1.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after acquiring an additional 98 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Chart Industries by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the industrial products company's stock valued at $711,000 after acquiring an additional 130 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Chart Industries by 1,201.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 39,650 shares of the industrial products company's stock valued at $5,724,000 after acquiring an additional 36,604 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in Chart Industries by 0.9% in the first quarter. New York State Teachers Retirement System now owns 39,314 shares of the industrial products company's stock valued at $5,675,000 after acquiring an additional 343 shares during the last quarter.

Chart Industries Trading Down 1.2%

Shares of Chart Industries stock traded down $1.99 during trading on Friday, hitting $167.90. The company's stock had a trading volume of 394,483 shares, compared to its average volume of 788,884. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 0.65 and a beta of 1.68. The stock has a 50-day moving average price of $158.21 and a two-hundred day moving average price of $166.07.

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 the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Chart Industries's revenue for the quarter was up 38.8% on a year-over-year basis. Equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of recent analyst reports. TD Cowen decreased their price objective on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Barclays decreased their price objective on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday. Morgan Stanley decreased their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Wells Fargo & Company decreased their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. Finally, Stifel Nicolaus decreased their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two research 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. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $199.82.

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.