Chart Industries, Inc. $GTLS Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ has reduced its stake in Chart Industries by 16.3%, selling 5,916 shares, and now holds approximately 0.07% of the company valued at $4.38 million.
• Several institutional investors have shown interest in Chart Industries, with Truvestments Capital LLC increasing its holdings by 210.6% during the same period.
• Chart Industries reported Q2 earnings of $2.59 per share, falling short of analysts' expectations, with revenue at $1.08 billion against a forecast of $1.11 billion.

Lansforsakringar Fondforvaltning AB publ lessened its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 16.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,329 shares of the industrial products company's stock after selling 5,916 shares during the period. Lansforsakringar Fondforvaltning AB publ owned about 0.07% of Chart Industries worth $4,378,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. First Trust Advisors LP raised its holdings in shares of Chart Industries by 26.8% in the 4th quarter. First Trust Advisors LP now owns 12,372 shares of the industrial products company's stock worth $2,361,000 after purchasing an additional 2,616 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Chart Industries by 21.8% during the 4th quarter. Hsbc Holdings PLC now owns 2,682 shares of the industrial products company's stock valued at $515,000 after buying an additional 480 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Chart Industries by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,509 shares of the industrial products company's stock valued at $6,014,000 after acquiring an additional 3,666 shares in the last quarter. Northern Trust Corp increased 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 acquiring an additional 121,259 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Chart Industries in the 4th quarter valued at approximately $202,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GTLS shares. Seaport Res Ptn cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. UBS Group restated a "neutral" rating and set a $210.00 target price (down previously from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Lake Street Capital cut Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a research note on Wednesday, July 30th. Finally, BTIG Research cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Chart Industries currently has an average rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Down 0.0%

NYSE:GTLS traded down $0.02 during trading hours on Friday, reaching $199.34. The company's stock had a trading volume of 979,713 shares, compared to its average volume of 1,361,820. The stock has a 50 day moving average price of $185.37 and a two-hundred day moving average price of $162.87. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a market capitalization of $8.96 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Equities analysts predict that Chart Industries, Inc. will post 9.02 EPS 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.