King Luther Capital Management Corp Grows Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• King Luther Capital Management Corp has increased its stake in Chart Industries by 1.4%, now owning approximately 2.14% of the company, valued at $141.4 million.
• Chart Industries reported Q2 earnings of $2.59 per share, which missed analysts' expectations, and had a revenue of $1.08 billion compared to expected revenue of $1.11 billion.
• The stock has shown a 52-week range between $101.60 and $220.03, currently trading at $198.66.

King Luther Capital Management Corp raised its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 979,683 shares of the industrial products company's stock after acquiring an additional 13,484 shares during the quarter. King Luther Capital Management Corp owned approximately 2.14% of Chart Industries worth $141,427,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC increased its position in shares of Chart Industries by 13.2% during the first quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company's stock worth $292,000 after buying an additional 236 shares during the period. GAMMA Investing LLC increased its position in shares of Chart Industries by 118.6% during the first quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock worth $183,000 after buying an additional 689 shares during the period. Bank of New York Mellon Corp increased its position in shares of Chart Industries by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company's stock worth $44,602,000 after buying an additional 6,681 shares during the period. Envestnet Asset Management Inc. grew its holdings in Chart Industries by 7.4% in the first quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company's stock worth $8,318,000 after purchasing an additional 3,948 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Chart Industries by 1.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after purchasing an additional 98 shares in the last quarter.

Chart Industries Stock Down 0.2%

Shares of GTLS stock traded down $0.33 on Thursday, hitting $198.46. The stock had a trading volume of 2,481,993 shares, compared to its average volume of 1,322,907. 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 business has a 50 day moving average of $169.08 and a 200 day moving average of $163.32. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The business 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, analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GTLS. Barclays cut 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 report on Thursday, July 10th. Johnson Rice lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a report on Wednesday, July 30th. Raymond James Financial restated a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Seaport Res Ptn lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Hsbc Global Res raised shares of Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $202.00.

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.