Chart Industries, Inc. $GTLS Shares Sold by Granahan Investment Management LLC

Key Points

• Granahan Investment Management LLC has reduced its holdings in Chart Industries, Inc. by 28.3%, owning 28,151 shares worth approximately $4.06 million as of the latest reporting period.
• Other hedge funds such as OneDigital Investment Advisors and GAMMA Investing LLC increased their stakes in Chart Industries, with OneDigital growing its position by 13.2% and GAMMA by a significant 118.6%.
• Chart Industries posted a quarterly EPS of $2.59, missing expectations of $2.62, and reported a revenue of $1.08 billion against an expected $1.11 billion.

Granahan Investment Management LLC lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,151 shares of the industrial products company's stock after selling 11,138 shares during the quarter. Granahan Investment Management LLC owned 0.06% of Chart Industries worth $4,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Manhattan CO. LLC. boosted its stake in shares of Chart Industries by 3.1% in the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after purchasing an additional 54 shares during the period. Xponance Inc. raised its holdings in 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 purchasing an additional 85 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in 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 purchasing an additional 98 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in 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 purchasing an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in 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 purchasing an additional 100 shares in the last quarter.

Analyst Upgrades and Downgrades

GTLS has been the topic of a number of research analyst reports. Lake Street Capital cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective on the stock. in a report on Wednesday, July 30th. Seaport Res Ptn cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Morgan Stanley lowered their target price on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Finally, Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, Chart Industries has an average rating of "Hold" and a consensus price target of $202.00.

Chart Industries Price Performance

Shares of NYSE GTLS traded down $0.38 during trading on Tuesday, hitting $199.31. 723,715 shares of the company were exchanged, compared to its average volume of 1,364,857. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.15 and a beta of 1.67. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The firm's fifty day moving average price is $186.70 and its 200 day moving average price is $162.58. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 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 analysts' expectations of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. 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.