Janney Montgomery Scott LLC Has $7.13 Million Position in Chart Industries, Inc. $GTLS

Key Points

• Janney Montgomery Scott LLC increased its stake in Chart Industries, Inc. (GTLS) by 6.1%, owning $7.13 million worth of shares after acquiring more during the second quarter.
• Chart Industries reported a Q2 earnings miss with an EPS of $2.59, falling short of estimates, while revenues were also below expectations at $1.08 billion.
• The stock has received mixed ratings from analysts, with a consensus rating of "Hold" and a target price of $202.00, reflecting varied sentiment in the market.

Janney Montgomery Scott LLC lifted its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,325 shares of the industrial products company's stock after purchasing an additional 2,508 shares during the period. Janney Montgomery Scott LLC owned 0.09% of Chart Industries worth $7,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GTLS. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $581,000. UMB Bank n.a. boosted its stake in Chart Industries by 86.5% in the first quarter. UMB Bank n.a. now owns 537 shares of the industrial products company's stock valued at $78,000 after acquiring an additional 249 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Chart Industries by 15.2% in the first quarter. Wesbanco Bank Inc. now owns 17,970 shares of the industrial products company's stock valued at $2,594,000 after acquiring an additional 2,370 shares during the last quarter. Pallas Capital Advisors LLC boosted its stake in Chart Industries by 7.2% in the first quarter. Pallas Capital Advisors LLC now owns 20,247 shares of the industrial products company's stock valued at $2,923,000 after acquiring an additional 1,357 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Chart Industries by 118.6% in the first quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock valued at $183,000 after acquiring an additional 689 shares during the last quarter.

Chart Industries Trading Up 0.0%

GTLS opened at $200.59 on Monday. The stock 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's fifty day simple moving average is $198.58 and its 200 day simple moving average is $167.80. 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 (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). The company 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%. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Hsbc Global Res raised shares of Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. Seaport Res Ptn cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Barclays reduced their price objective on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. BTIG Research cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Chart Industries in a research note on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.

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