Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 50.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,357 shares of the industrial products company's stock after selling 17,530 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Chart Industries were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Analysts LLC purchased a new position in Chart Industries in the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after buying an additional 92 shares during the period. Fairway Wealth LLC acquired a new stake in Chart Industries during the fourth quarter worth approximately $34,000. Blue Trust Inc. grew its stake in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after acquiring an additional 65 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 69 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GTLS shares. Barclays lifted their price objective on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Citigroup increased their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Stifel Nicolaus lowered their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $200.00.

Chart Industries Trading Down 2.7%

GTLS traded down $3.93 during trading on Friday, hitting $144.07. 493,355 shares of the company's stock were exchanged, compared to its average volume of 749,323. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The stock has a 50 day moving average price of $146.46 and a 200 day moving average price of $171.28. The firm has a market cap of $6.58 billion, a P/E ratio of 41.76, a price-to-earnings-growth ratio of 0.57 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. The firm 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 13.25% and a net margin of 4.30%. The firm's quarterly revenue was up 38.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. As a group, analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Chart Industries 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.