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 purchased a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,582 shares of the industrial products company's stock, valued at approximately $228,000.

A number of other large investors have also modified their holdings of the stock. Gates Capital Management Inc. boosted its holdings in Chart Industries by 61.5% in the first quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company's stock valued at $112,115,000 after purchasing an additional 295,738 shares during the period. Van Berkom & Associates Inc. increased its holdings in Chart Industries by 101.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company's stock worth $54,095,000 after purchasing an additional 188,477 shares during the period. GAMMA Investing LLC raised its position 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 purchasing an additional 182,756 shares in the last quarter. Driehaus Capital Management LLC raised its position in Chart Industries by 77.7% in the 1st quarter. Driehaus Capital Management LLC now owns 340,198 shares of the industrial products company's stock valued at $49,111,000 after purchasing an additional 148,703 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 valued at $168,853,000 after buying an additional 105,027 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GTLS shares. Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. Barclays dropped 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 research report on Thursday, July 10th. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Citigroup downgraded shares of Chart Industries from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Seaport Res Ptn lowered Chart Industries from a "strong-buy" rating 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 presently has an average rating of "Hold" and a consensus price target of $202.00.

Chart Industries Trading Down 0.2%

NYSE GTLS opened at $199.31 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The firm's fifty day moving average price is $187.44 and its 200 day moving average price is $162.84. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03.

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