Natixis Advisors LLC Has $2.95 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• Natixis Advisors LLC increased its stake in Chart Industries by 19.8%, owning 20,458 shares worth approximately $2.95 million after additional purchases during the first quarter.
• Chart Industries reported earnings per share (EPS) of $2.59 for the quarter, falling short of the consensus estimate of $2.62, with revenues of $1.08 billion compared to the expected $1.11 billion.
• Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $202.00, amid recent downgrades from several research firms.

Natixis Advisors LLC raised its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 19.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,458 shares of the industrial products company's stock after buying an additional 3,379 shares during the period. Natixis Advisors LLC's holdings in Chart Industries were worth $2,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC lifted its position in shares of Chart Industries by 47.3% during the fourth quarter. LPL Financial LLC now owns 21,143 shares of the industrial products company's stock worth $4,035,000 after purchasing an additional 6,785 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Chart Industries during the fourth quarter worth $385,000. Wedbush Securities Inc. acquired a new position in shares of Chart Industries during the fourth quarter worth $376,000. Quadrant Capital Group LLC increased its stake in shares of Chart Industries by 42.9% in the fourth quarter. Quadrant Capital Group LLC now owns 340 shares of the industrial products company's stock worth $65,000 after buying an additional 102 shares during the last quarter. Finally, Scotia Capital Inc. bought a new stake in shares of Chart Industries in the fourth quarter worth $1,052,000.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Johnson Rice lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price for the company. in a research note on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and issued a $210.00 price objective (down previously from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Seaport Res Ptn downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Lake Street Capital downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective for the company. in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Down 0.2%

Shares of GTLS traded down $0.33 during trading hours on Friday, reaching $198.66. The company's stock had a trading volume of 5,110,719 shares, compared to its average volume of 4,039,815. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 36.93, a P/E/G ratio of 1.15 and a beta of 1.59. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average of $166.43 and a two-hundred day moving average of $163.33.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, research analysts predict 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.