DAVENPORT & Co LLC Has $3.23 Million Stock Holdings in Chart Industries, Inc. $GTLS

Key Points

• DAVENPORT & Co LLC decreased its holdings in Chart Industries by 84.0%, ending up with 19,620 shares worth approximately $3.23 million.
• Several hedge funds have recently adjusted their positions in Chart Industries, including Dimensional Fund Advisors, which grew its holdings by 9.9% in the first quarter.
• Chart Industries reported earnings per share of $2.59 for the last quarter, missing the consensus estimate of $2.62, with total revenue of $1.08 billion.

DAVENPORT & Co LLC decreased its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 84.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,620 shares of the industrial products company's stock after selling 103,045 shares during the quarter. DAVENPORT & Co LLC's holdings in Chart Industries were worth $3,230,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Chart Industries by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company's stock worth $168,853,000 after purchasing an additional 105,027 shares during the last quarter. King Luther Capital Management Corp grew its holdings in shares of Chart Industries by 1.4% in the 1st quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock worth $141,427,000 after purchasing an additional 13,484 shares during the last quarter. Gates Capital Management Inc. grew its holdings in shares of Chart Industries by 61.5% in the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company's stock worth $112,115,000 after purchasing an additional 295,738 shares during the last quarter. Perpetual Ltd bought a new stake in shares of Chart Industries in the 2nd quarter worth about $107,498,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Chart Industries by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company's stock worth $77,438,000 after purchasing an additional 18,338 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on GTLS. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Chart Industries in a report on Wednesday. Lake Street Capital lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a report on Wednesday, July 30th. BTIG Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Seaport Res Ptn lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Barclays decreased their price objective on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Down 0.0%

Shares of NYSE:GTLS opened at $200.12 on Thursday. The firm has a market cap of $9.00 billion, a P/E ratio of 37.20, a P/E/G ratio of 1.16 and a beta of 1.71. 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, Inc. has a 12 month low of $104.60 and a 12 month high of $220.03. The company's 50-day moving average price is $199.19 and its two-hundred day moving average price is $168.56.

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

Chart Industries Company 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.

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