Chart Industries, Inc. (NYSE:GTLS) Stock Position Decreased by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,468 shares of the industrial products company's stock after selling 5,422 shares during the quarter. Chart Industries makes up approximately 1.4% of Iridian Asset Management LLC CT's holdings, making the stock its 22nd biggest holding. Iridian Asset Management LLC CT owned 0.07% of Chart Industries worth $4,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wolf Hill Capital Management LP bought a new stake in shares of Chart Industries during the 4th quarter worth about $101,121,000. Norges Bank bought a new stake in Chart Industries during the fourth quarter worth approximately $88,609,000. Dimensional Fund Advisors LP lifted its position in Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after purchasing an additional 291,520 shares during the period. Engaged Capital LLC bought a new position in Chart Industries during the 4th quarter valued at $42,900,000. Finally, Frontier Capital Management Co. LLC increased its position in shares of Chart Industries by 920.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company's stock valued at $44,670,000 after purchasing an additional 211,134 shares during the period.

Chart Industries Stock Down 0.0%

GTLS traded down $0.08 on Wednesday, reaching $167.35. 17,602 shares of the company traded hands, compared to its average volume of 785,455. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 0.64 and a beta of 1.68. 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 stock's 50 day moving average price is $156.95 and its 200-day moving average price is $166.53. 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 announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.49 earnings per share. Chart Industries's quarterly revenue was up 38.8% compared to the same quarter last year. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of a number of research reports. TD Cowen dropped their target price 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. Barclays upped their price target on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Stifel Nicolaus decreased their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company cut their target price 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 price target on Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $200.00.

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.

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