Kornitzer Capital Management Inc. KS Decreases Stake in Chart Industries, Inc. (NYSE:GTLS)

Kornitzer Capital Management Inc. KS cut its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 15.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,859 shares of the industrial products company's stock after selling 12,250 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.15% of Chart Industries worth $9,507,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Chart Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock valued at $820,115,000 after purchasing an additional 59,889 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Chart Industries by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock valued at $307,046,000 after buying an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after buying an additional 291,520 shares during the period. Northern Trust Corp lifted its holdings in shares of Chart Industries by 23.4% in the 4th quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock valued at $122,051,000 after buying an additional 121,259 shares during the period. Finally, Wolf Hill Capital Management LP purchased a new stake in shares of Chart Industries in the fourth quarter worth about $101,121,000.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several recent research reports. Morgan Stanley reduced their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Stifel Nicolaus dropped their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, Barclays set a $169.00 price target on shares of Chart Industries and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Chart Industries has a consensus rating of "Buy" and a consensus target price of $199.82.

Chart Industries Price Performance

NYSE:GTLS traded up $3.86 during trading hours on Wednesday, reaching $168.76. 591,263 shares of the company were exchanged, compared to its average volume of 786,411. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. The firm has a market cap of $7.71 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 0.64 and a beta of 1.68. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock's 50-day moving average is $159.08 and its 200-day moving average is $165.69.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The company's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.