Janney Montgomery Scott LLC Sells 14,659 Shares of Chart Industries, Inc. (NYSE:GTLS)

Janney Montgomery Scott LLC decreased its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 26.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,817 shares of the industrial products company's stock after selling 14,659 shares during the period. Janney Montgomery Scott LLC owned about 0.09% of Chart Industries worth $5,892,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 92 shares in the last quarter. Engaged Capital LLC acquired a new position in Chart Industries in the 4th quarter valued at approximately $42,900,000. Wealth Enhancement Advisory Services LLC acquired a new position in Chart Industries in the 4th quarter valued at approximately $581,000. Vanguard Group Inc. raised its holdings in Chart Industries by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock valued at $820,115,000 after acquiring an additional 59,889 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Chart Industries by 4.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,569 shares of the industrial products company's stock valued at $1,444,000 after acquiring an additional 326 shares in the last quarter.

Chart Industries Trading Up 3.2%

GTLS traded up $4.63 during mid-day trading on Tuesday, reaching $148.63. The stock had a trading volume of 1,230,934 shares, compared to its average volume of 767,060. The stock has a market capitalization of $6.79 billion, a P/E ratio of 30.03, a P/E/G ratio of 0.56 and a beta of 1.71. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. The firm's fifty day simple moving average is $149.78 and its two-hundred day simple moving average is $168.46. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The business's quarterly revenue was up 38.8% compared to the same quarter last year. During the same period last year, the company earned $1.49 EPS. On average, equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. TD Cowen cut their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Barclays raised their target price on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Stifel Nicolaus cut their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $200.00.

Chart Industries 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.