EP Wealth Advisors LLC Purchases Shares of 1,582 Chart Industries, Inc. $GTLS

Key Points

• EP Wealth Advisors LLC acquired 1,582 shares of Chart Industries, Inc. (NYSE:GTLS) worth approximately $228,000 in the first quarter of 2023.
• Significant increases in holdings by other investors include a 61.5% boost by Gates Capital Management and a staggering 31,455.4% increase by GAMMA Investing LLC during the same period.
• Chart Industries reported quarterly earnings of $2.59 per share, missing analysts' estimates, with revenues of $1.08 billion falling short of expectations of $1.11 billion.

EP Wealth Advisors LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,582 shares of the industrial products company's stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Xponance Inc. grew its stake in shares of Chart Industries by 1.4% during the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock worth $883,000 after buying an additional 85 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Chart Industries by 1.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock worth $979,000 after buying an additional 98 shares during the last quarter. Global X Japan Co. Ltd. grew its stake in shares of Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of Chart Industries by 1.0% during the first quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock worth $1,458,000 after buying an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Chart Industries by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company's stock worth $1,703,000 after buying an additional 100 shares during the last quarter.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of research reports. Seaport Res Ptn cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Raymond James Financial reaffirmed a "market perform" rating on shares of Chart Industries 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 report on Thursday, July 31st. UBS Group reiterated a "neutral" rating and set a $210.00 price target (down previously from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Finally, Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a report on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $202.00.

Chart Industries Trading Up 0.3%

GTLS stock traded up $0.69 during midday trading on Monday, hitting $199.89. The stock had a trading volume of 1,126,844 shares, compared to its average volume of 1,472,769. The firm has a market cap of $8.99 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 1.15 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. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $220.03. The business has a fifty day moving average price of $189.96 and a two-hundred day moving average price of $163.12.

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 (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. On average, sell-side 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.