DAVENPORT & Co LLC Lowers Stock Position in Chart Industries, Inc. (NYSE:GTLS)

DAVENPORT & Co LLC lessened its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 18.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,665 shares of the industrial products company's stock after selling 28,153 shares during the quarter. DAVENPORT & Co LLC owned 0.27% of Chart Industries worth $17,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in GTLS. Capital Analysts LLC purchased a new stake in Chart Industries in the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Chart Industries during the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. boosted its stake in shares of Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after acquiring an additional 92 shares in the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth approximately $34,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Stifel Nicolaus decreased their price target on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. TD Cowen cut their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Wells Fargo & Company cut their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Chart Industries currently has an average rating of "Buy" and an average price target of $200.00.

Chart Industries Trading Up 1.2%

GTLS traded up $1.96 during trading on Friday, hitting $170.11. The company's stock had a trading volume of 1,055,915 shares, compared to its average volume of 784,405. The firm's 50 day moving average price is $155.74 and its 200-day moving average price is $166.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. The stock has a market cap of $7.77 billion, a PE ratio of 34.36, a PEG ratio of 0.68 and a beta of 1.68. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. Chart Industries's revenue was up 38.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.49 EPS. On average, analysts expect 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.