Legacy Advisory Services LLC Takes Position in Chart Industries, Inc. $GTLS

Key Points

• Legacy Advisory Services LLC acquired a new stake in Chart Industries, purchasing 2,291 shares valued at approximately $331,000 in the first quarter.
• Chart Industries missed earnings estimates, reporting $2.59 EPS against a consensus of $2.62 and revenue of $1.08 billion, slightly below expectations.
• Analysts have mixed ratings on Chart Industries, with four giving it a Buy rating and thirteen assigning a Hold rating, reflecting cautious sentiment among brokers.

Legacy Advisory Services LLC acquired a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,291 shares of the industrial products company's stock, valued at approximately $331,000.

Other large investors also recently bought and sold shares of the company. Global X Japan Co. Ltd. increased its holdings in Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after buying an additional 100 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Chart Industries in the first quarter worth about $25,000. Brooklyn Investment Group boosted its position in Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after purchasing an additional 199 shares during the last quarter. SVB Wealth LLC purchased a new position in Chart Industries in the first quarter worth about $30,000. Finally, Hughes Financial Services LLC purchased a new position in Chart Industries in the first quarter worth about $44,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GTLS. Citigroup cut Chart Industries from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Raymond James Financial reissued a "market perform" rating on shares of Chart Industries in a research report on Wednesday, July 30th. Johnson Rice cut Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective on the stock. in a research report on Wednesday, July 30th. Barclays lowered their price objective on 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. Finally, Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $202.00.

Chart Industries Price Performance

NYSE:GTLS traded down $0.65 during trading hours on Friday, reaching $199.24. The stock had a trading volume of 949,433 shares, compared to its average volume of 1,548,001. 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 52 week low of $104.60 and a 52 week high of $220.03. The company has a 50 day moving average price of $189.24 and a two-hundred day moving average price of $163.19. The stock has a market capitalization of $8.96 billion, a PE ratio of 37.03, a PEG ratio of 1.16 and a beta of 1.67.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. As a group, 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.