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Premier Fund Managers Ltd Trims Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Chart Industries logo with Industrials background

Premier Fund Managers Ltd reduced its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 24.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,399 shares of the industrial products company's stock after selling 1,434 shares during the quarter. Premier Fund Managers Ltd's holdings in Chart Industries were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital Analysts LLC purchased a new position in Chart Industries in the 4th quarter worth approximately $25,000. Global X Japan Co. Ltd. raised its stake in 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 buying an additional 100 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Chart Industries during the 1st quarter valued at $25,000. Hughes Financial Services LLC purchased a new stake in Chart Industries during the 1st quarter valued at $44,000. Finally, Byrne Asset Management LLC purchased a new stake in Chart Industries during the 1st quarter valued at $45,000.

Chart Industries Price Performance

Shares of NYSE GTLS traded down $0.08 during mid-day trading on Friday, hitting $198.75. 12,015,201 shares of the company's stock traded hands, compared to its average volume of 2,491,437. The company's 50-day moving average is $162.50 and its two-hundred day moving average is $164.25. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.21. The company has a market capitalization of $8.93 billion, a P/E ratio of 36.94, a PEG ratio of 0.78 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 announced its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. On average, equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays decreased their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Hsbc Global Res upgraded Chart Industries to a "hold" rating in a research note on Wednesday. Lake Street Capital lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective for the company. in a research note on Wednesday. Johnson Rice set a $210.00 price objective on Chart Industries and gave the stock a "hold" rating in a research note on Wednesday. Finally, Cowen lowered Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $202.00.

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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Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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