Dakota Wealth Management Has $489,000 Stock Position in Chart Industries, Inc. $GTLS

Key Points

• Dakota Wealth Management increased its stake in Chart Industries, Inc. by 109.1% in Q2, holding 2,971 shares valued at $489,000.
• Several analysts have reduced their price targets for Chart Industries, with Barclays setting a new target of $169.00 and a consensus target price of $202.00 across several ratings.
• Chart Industries reported $2.59 EPS for the last quarter, missing the consensus estimate of $2.62 and generating revenue of $1.08 billion against expectations of $1.11 billion.

Dakota Wealth Management boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 109.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,971 shares of the industrial products company's stock after buying an additional 1,550 shares during the period. Dakota Wealth Management's holdings in Chart Industries were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Chart Industries during the 4th quarter worth about $581,000. MassMutual Private Wealth & Trust FSB boosted its stake in Chart Industries by 653.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 791 shares of the industrial products company's stock valued at $114,000 after purchasing an additional 686 shares during the period. GAMMA Investing LLC raised its holdings in Chart Industries by 31,455.4% in the 1st quarter. GAMMA Investing LLC now owns 183,337 shares of the industrial products company's stock valued at $26,467,000 after acquiring an additional 182,756 shares in the last quarter. Cascade Investment Advisors Inc. acquired a new position in Chart Industries in the 1st quarter valued at approximately $1,184,000. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Chart Industries by 8.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,484 shares of the industrial products company's stock valued at $214,000 after acquiring an additional 121 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays lowered their price target on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. UBS Group reiterated a "neutral" rating and issued a $210.00 price objective (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Johnson Rice lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a research report on Wednesday, July 30th. BTIG Research lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $202.00.

Chart Industries Trading Up 0.1%

Shares of GTLS stock opened at $200.31 on Monday. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03. The stock has a market cap of $9.00 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.67. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. The stock has a 50 day simple moving average of $195.56 and a 200 day simple moving average of $166.12.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). The company 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%. On average, research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal 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.

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