Heartland Advisors Inc. Sells 17,495 Shares of Chart Industries, Inc. (NYSE:GTLS)

Key Points

• Heartland Advisors Inc. has reduced its stake in Chart Industries by 13.0%, owning 117,005 shares after selling 17,495 shares during the first quarter, making it the 25th largest position in their portfolio.
• Analysts have set new price targets for Chart Industries, with the consensus rating at "Buy" and an average target price of $199.82, showcasing positive sentiment despite varying individual targets.
• Chart Industries reported quarterly earnings of $1.86 EPS, exceeding estimates and reflecting a 38.8% year-over-year revenue increase, indicating strong performance compared to previous quarters.

Heartland Advisors Inc. lessened its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 13.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,005 shares of the industrial products company's stock after selling 17,495 shares during the period. Chart Industries makes up about 1.0% of Heartland Advisors Inc.'s holdings, making the stock its 25th biggest position. Heartland Advisors Inc. owned 0.26% of Chart Industries worth $16,891,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. First Manhattan CO. LLC. boosted its stake in shares of Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after purchasing an additional 54 shares in the last quarter. Xponance Inc. grew its position in Chart Industries by 1.4% during the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock valued at $883,000 after purchasing an additional 85 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Chart Industries by 1.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after purchasing an additional 98 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings 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 during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in shares of Chart Industries by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock valued at $1,458,000 after acquiring an additional 100 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on GTLS shares. TD Cowen dropped their price target 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. Morgan Stanley decreased their target price 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. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Wells Fargo & Company reduced their price objective 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. Finally, Stifel Nicolaus reduced their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two equities research 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.com, the company has a consensus rating of "Buy" and an average price target of $199.82.

Chart Industries Trading Down 0.1%

NYSE GTLS traded down $0.11 on Monday, hitting $171.67. 376,001 shares of the stock were exchanged, compared to its average volume of 769,549. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. The stock has a fifty day moving average price of $159.38 and a two-hundred day moving average price of $163.98. 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.

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

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.