CSM Advisors LLC Takes $9.31 Million Position in Chart Industries, Inc. $GTLS

Key Points

• CSM Advisors LLC has acquired a new stake in Chart Industries, Inc. valued at approximately $9.31 million, obtaining 64,505 shares during the first quarter.
• Analysts have recently downgraded Chart Industries from a "strong-buy" to a "hold" rating, with a consensus target price of $202.00 and several target prices set around $210.00.
• Chart Industries reported a quarterly EPS of $2.59, missing consensus estimates, with revenues falling short of expectations at $1.08 billion.

CSM Advisors LLC bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 64,505 shares of the industrial products company's stock, valued at approximately $9,307,000. CSM Advisors LLC owned 0.14% of Chart Industries at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in Chart Industries by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock worth $307,046,000 after purchasing an additional 35,004 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company's stock worth $168,853,000 after buying an additional 105,027 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Chart Industries by 1.4% in the first quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock worth $141,427,000 after buying an additional 13,484 shares in the last quarter. Northern Trust Corp boosted its position in shares of Chart Industries by 23.4% in the fourth quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock valued at $122,051,000 after acquiring an additional 121,259 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Chart Industries by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company's stock valued at $77,438,000 after acquiring an additional 18,338 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on GTLS shares. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. BTIG Research downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Raymond James Financial restated a "market perform" rating on shares of Chart Industries in a research report on Wednesday, July 30th. TD Cowen lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Lake Street Capital downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Chart Industries presently has an average rating of "Hold" and a consensus target price of $202.00.

Chart Industries Trading Up 0.3%

Shares of NYSE GTLS traded up $0.57 during midday trading on Thursday, reaching $198.57. The company had a trading volume of 1,816,374 shares, compared to its average volume of 4,226,227. The stock has a market cap of $8.92 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The firm's fifty day moving average price is $179.33 and its 200-day moving average price is $162.71. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.08 billion during 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 research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

About Chart Industries

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.