Ieq Capital LLC Takes $304,000 Position in Chart Industries, Inc. $GTLS

Key Points

• Ieq Capital LLC has initiated a new position in Chart Industries, Inc. (GTLS) by purchasing 2,103 shares valued at approximately $304,000 during the first quarter.
• Chart Industries recently reported a quarterly EPS of $2.59, missing analysts' expectations, and generated revenue of $1.08 billion, which also fell short of predictions.
• Several analysts have downgraded the stock from "buy" to "hold," resulting in a consensus rating of "Hold" and an average price target of $202.00.

Ieq Capital LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,103 shares of the industrial products company's stock, valued at approximately $304,000.

Other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. increased its holdings in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after buying an additional 100 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Chart Industries during the 1st quarter valued at $25,000. Brooklyn Investment Group grew its holdings in shares of Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 199 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Chart Industries during the 1st quarter valued at $30,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Chart Industries during the 1st quarter valued at $44,000.

Wall Street Analyst Weigh In

GTLS has been the topic of several research analyst reports. Raymond James Financial restated a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Cowen cut shares of Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Lake Street Capital downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a research report on Wednesday, July 30th. Barclays cut their target price on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, Johnson Rice lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a report on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $202.00.

Chart Industries Stock Performance

Chart Industries stock traded up $0.72 on Thursday, reaching $199.87. 783,449 shares of the stock were exchanged, compared to its average volume of 1,660,769. The stock has a market cap of $8.98 billion, a PE ratio of 37.15, a PEG ratio of 1.15 and a beta of 1.67. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The firm has a fifty day moving average price of $188.65 and a two-hundred day moving average price of $163.21.

Chart Industries (NYSE:GTLS - Get Free Report) last released its 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). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Chart Industries Company 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.