Iridian Asset Management LLC CT Has $4.40 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

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

Several other hedge funds and other institutional investors have also made changes to their positions in GTLS. Capital Analysts LLC acquired a new stake in Chart Industries in the fourth quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its position in Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares during the period. Global X Japan Co. Ltd. lifted its position in Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after purchasing an additional 100 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Chart Industries in the first quarter worth approximately $25,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at $34,000.

Chart Industries Stock Down 1.2%

NYSE:GTLS traded down $1.99 during trading hours on Friday, hitting $167.90. 394,483 shares of the stock traded hands, compared to its average volume of 788,884. The firm has a 50 day moving average price of $158.21 and a 200 day moving average price of $166.07. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 0.65 and a beta of 1.68.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $1.49 earnings per share. Chart Industries's revenue for the quarter was up 38.8% compared to the same quarter last year. Equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of recent research reports. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Stifel Nicolaus cut their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Barclays cut their price objective on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research report on Thursday. Wells Fargo & Company cut their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Finally, Morgan Stanley cut their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Two equities 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $199.82.

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.