Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Covestor Ltd

Key Points

• Covestor Ltd has significantly reduced its stake in Chart Industries, Inc., selling 1,280 shares and now holding only 636 shares worth $92,000 as of its latest SEC filing.
• Multiple institutional investors have increased their holdings in Chart Industries, with OneDigital Investment Advisors increasing its stake by 13.2% and GAMMA Investing owning 1,270 shares following a 118.6% increase.
• Chart Industries reported quarterly earnings of $2.59 per share, which missed the consensus estimate of $2.62, and analysts expect a projected EPS of 9.02 for the current fiscal year.

Covestor Ltd reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 66.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 636 shares of the industrial products company's stock after selling 1,280 shares during the period. Covestor Ltd's holdings in Chart Industries were worth $92,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wolf Hill Capital Management LP purchased a new stake in shares of Chart Industries in the fourth quarter valued at about $101,121,000. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $203,178,000 after acquiring an additional 291,520 shares in the last quarter. Engaged Capital LLC purchased a new stake in shares of Chart Industries in the fourth quarter valued at about $42,900,000. Frontier Capital Management Co. LLC boosted its holdings in shares of Chart Industries by 920.6% in the fourth quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company's stock valued at $44,670,000 after acquiring an additional 211,134 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Chart Industries in the fourth quarter valued at about $36,545,000.

Chart Industries Price Performance

GTLS traded down $0.34 during midday trading on Friday, reaching $198.25. 2,454,071 shares of the company's stock were exchanged, compared to its average volume of 4,943,728. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The stock has a market capitalization of $8.91 billion, a PE ratio of 36.85, a P/E/G ratio of 1.15 and a beta of 1.59. The business's 50-day moving average price is $171.04 and its 200 day moving average price is $162.94. 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 analysts' consensus estimates of $2.62 by ($0.03). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. As a group, equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GTLS. Raymond James Financial reaffirmed a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Craig Hallum downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Morgan Stanley decreased their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. 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 on the stock. in a report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $202.00.

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.