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

Several other institutional investors and hedge funds also recently made changes to their positions in GTLS. Gates Capital Management Inc. lifted its stake in shares of Chart Industries by 61.5% in the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company's stock valued at $112,115,000 after acquiring an additional 295,738 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of Chart Industries by 101.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company's stock valued at $54,095,000 after acquiring an additional 188,477 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Chart Industries by 31,455.4% in the 1st quarter. GAMMA Investing LLC now owns 183,337 shares of the industrial products company's stock valued at $26,467,000 after acquiring an additional 182,756 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Chart Industries by 77.7% in the 1st quarter. Driehaus Capital Management LLC now owns 340,198 shares of the industrial products company's stock valued at $49,111,000 after acquiring an additional 148,703 shares during the last quarter. Finally, Engaged Capital LLC raised its position in Chart Industries by 64.1% during the 1st quarter. Engaged Capital LLC now owns 368,996 shares of the industrial products company's stock valued at $53,268,000 after purchasing an additional 144,200 shares during the last quarter.

Analyst Ratings Changes

GTLS has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Citigroup downgraded Chart Industries from a "buy" rating to a "hold" rating in a report on Friday, September 5th. UBS Group reiterated a "neutral" rating and set a $210.00 target price (down previously from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. TD Cowen downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Lake Street Capital downgraded 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. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Chart Industries presently has an average rating of "Hold" and a consensus price target of $202.00.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $0.65 during midday trading on Friday, reaching $199.24. 949,433 shares of the company's stock traded hands, compared to its average volume of 1,357,614. 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 one year low of $104.60 and a one year high of $220.03. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 37.03, a P/E/G ratio of 1.15 and a beta of 1.67. The stock has a 50 day moving average of $188.65 and a 200 day moving average of $163.21.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 EPS 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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.