Intech Investment Management LLC Raises Stock Holdings in 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 lifted its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 52.4% in the first quarter, according to the company in its most recent disclosure 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 period. Intech Investment Management LLC owned 0.07% of Chart Industries worth $4,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new stake in Chart Industries during the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. raised its position in Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 100 shares during the period. Brooklyn Investment Group raised its position in Chart Industries by 19,900.0% during the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 199 shares during the period. SVB Wealth LLC purchased a new stake in shares of Chart Industries in the first quarter worth approximately $30,000. Finally, Hughes Financial Services LLC purchased a new position in Chart Industries during the 1st quarter valued at $44,000.

Chart Industries Stock Down 0.2%

NYSE GTLS traded down $0.43 during midday trading on Tuesday, hitting $199.37. 940,233 shares of the company traded hands, compared to its average volume of 1,353,931. 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 company has a market cap of $8.96 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. The company's 50-day simple moving average is $189.96 and its 200-day simple moving average is $163.12. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). The company had revenue of $1.08 billion for 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%. As a group, equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

GTLS has been the subject of several research analyst reports. Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Seaport Res Ptn lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Johnson Rice lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price for the company. in a research note on Wednesday, July 30th. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, BTIG Research cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Four analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.