HighTower Advisors LLC Decreases Holdings in Chart Industries, Inc. $GTLS

Key Points

• HighTower Advisors LLC has reduced its stake in Chart Industries by 76.1%, owning 7,812 shares worth approximately $1.13 million after selling 24,871 shares in the first quarter.
• Chart Industries' stock was reported at $198.41, with mixed performance among analysts; five rated it a Buy while twelve gave it a Hold rating and a consensus price target of $202.00.
• The company announced a quarterly EPS of $2.59, falling short of analysts' expectations of $2.62, with revenues of $1.08 billion compared to an estimated $1.11 billion.

HighTower Advisors LLC trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 76.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,812 shares of the industrial products company's stock after selling 24,871 shares during the period. HighTower Advisors LLC's holdings in Chart Industries were worth $1,128,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Capital Analysts LLC bought a new position in Chart Industries during the fourth quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chart Industries during the first quarter valued at about $25,000. Global X Japan Co. Ltd. boosted its position in shares of Chart Industries by 142.9% during the 1st 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. Hughes Financial Services LLC acquired a new stake in shares of Chart Industries in the 1st quarter valued at about $44,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Chart Industries in the 1st quarter valued at about $45,000.

Chart Industries Stock Up 0.4%

Shares of GTLS stock traded up $0.73 on Monday, hitting $199.31. The stock had a trading volume of 1,679,724 shares, compared to its average volume of 3,203,026. 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 business has a 50 day moving average of $182.66 and a 200 day moving average of $162.34. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a market cap 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 (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). The firm 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%. As a group, analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GTLS shares. Johnson Rice downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a research note on Wednesday, July 30th. Hsbc Global Res raised Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Craig Hallum cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Finally, Seaport Res Ptn downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $202.00.

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.