Hudson Valley Investment Advisors Inc. ADV Has $9.23 Million Stake in Chart Industries, Inc. $GTLS

Key Points

• Hudson Valley Investment Advisors Inc. ADV has reduced its stake in Chart Industries by 3.7%, now owning 56,055 shares valued at approximately $9.23 million.
• Analysts have downgraded ratings for Chart Industries, with four rating it as a Buy and fourteen as a Hold, currently averaging a price target of $202.00.
• Chart Industries reported disappointing earnings, missing EPS estimates at $2.59 and revenue at $1.08 billion during their last quarterly report.

Hudson Valley Investment Advisors Inc. ADV trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,055 shares of the industrial products company's stock after selling 2,163 shares during the period. Chart Industries comprises about 1.0% of Hudson Valley Investment Advisors Inc. ADV's portfolio, making the stock its 28th largest position. Hudson Valley Investment Advisors Inc. ADV owned about 0.12% of Chart Industries worth $9,229,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GTLS. BTIG Research downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. UBS Group reissued a "neutral" rating and issued a $210.00 price objective (down previously from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Chart Industries in a report on Saturday, September 27th. Citigroup downgraded shares of Chart Industries from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, TD Cowen downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $202.00.

Chart Industries Stock Performance

NYSE GTLS opened at $200.59 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $9.02 billion, a P/E ratio of 37.28, a P/E/G ratio of 1.16 and a beta of 1.71. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03. The firm has a 50-day moving average price of $198.58 and a two-hundred day moving average price of $167.63.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current 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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