CSM Advisors LLC Makes New Investment 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 acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 64,505 shares of the industrial products company's stock, valued at approximately $9,307,000. CSM Advisors LLC owned approximately 0.14% of Chart Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Manhattan CO. LLC. increased its holdings in Chart Industries by 3.1% in the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after buying an additional 54 shares in the last quarter. Xponance Inc. increased its holdings in Chart Industries by 1.4% in the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock valued at $883,000 after buying an additional 85 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Chart Industries by 1.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after buying an additional 98 shares in the last quarter. Global X Japan Co. Ltd. increased its holdings 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 valued at $25,000 after buying an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in Chart Industries by 1.0% in the first quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock valued at $1,458,000 after buying an additional 100 shares in the last quarter.

Chart Industries Price Performance

GTLS traded up $0.73 during trading on Friday, reaching $199.31. The company's stock had a trading volume of 1,679,724 shares, compared to its average volume of 3,719,750. 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 firm has a fifty day simple moving average of $181.55 and a two-hundred day simple moving average of $162.52. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.15 and a beta of 1.59.

Chart Industries (NYSE:GTLS - Get Free Report) last released 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 return on equity of 13.71% and a net margin of 6.29%.The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. As a group, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of recent analyst reports. Craig Hallum cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. Cowen downgraded shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Johnson Rice lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a research note on Wednesday, July 30th. TD Cowen lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Barclays decreased their price target on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $202.00.

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.