Intech Investment Management LLC Purchases 10,714 Shares of Chart Industries, Inc. $GTLS

Key Points

• Intech Investment Management LLC increased its position in Chart Industries by 52.4%, acquiring 10,714 additional shares, bringing its total holdings to 31,167 shares valued at approximately $4.5 million.
• Chart Industries reported a net margin of 6.29% and earnings per share of $2.59, missing expectations by $0.03, for the most recent quarter.
• Analyst ratings for Chart Industries have shifted, with several firms downgrading the stock from "strong-buy" to "hold," resulting in a current consensus rating of "Hold" with a price target of $202.00.

Intech Investment Management LLC increased its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 52.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,167 shares of the industrial products company's stock after acquiring an additional 10,714 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Chart Industries worth $4,499,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Chart Industries by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company's stock valued at $168,853,000 after acquiring an additional 105,027 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Chart Industries by 1.4% during the first quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock valued at $141,427,000 after acquiring an additional 13,484 shares during the period. Gates Capital Management Inc. lifted its stake in shares of Chart Industries by 61.5% during the first quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company's stock valued at $112,115,000 after acquiring an additional 295,738 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Chart Industries by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company's stock valued at $77,438,000 after acquiring an additional 18,338 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Chart Industries by 9.4% during the first quarter. Federated Hermes Inc. now owns 444,413 shares of the industrial products company's stock valued at $64,155,000 after acquiring an additional 38,278 shares during the period.

Chart Industries Stock Up 0.0%

Shares of NYSE:GTLS traded up $0.06 during mid-day trading on Thursday, reaching $200.04. 459,881 shares of the stock were exchanged, compared to its average volume of 1,352,362. 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 cap of $8.99 billion, a P/E ratio of 37.19, a P/E/G ratio of 1.15 and a beta of 1.67. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $220.03. The stock's 50 day simple moving average is $191.22 and its 200-day simple moving average is $163.63.

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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. As a group, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Seaport Res Ptn lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $210.00 price target (down previously from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. Citigroup downgraded Chart Industries from a "buy" rating to a "hold" rating in a report on Friday, September 5th. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Finally, Craig Hallum downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $202.00.

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.