MetLife Investment Management LLC Lowers Holdings in Chart Industries, Inc. $GTLS

Key Points

• MetLife Investment Management LLC reduced its holdings in Chart Industries, Inc. by 2.6% in Q1, selling 1,284 shares and holding a total of 47,564 shares worth $6,866,000.
• Chart Industries reported Q2 earnings of $2.59 per share, missing expectations, and had a revenue of $1.08 billion, below the projected $1.11 billion.
• Analyst ratings for Chart Industries vary, with five analysts rating it a Buy and twelve rating it a Hold, reflecting a consensus price target of $202.00.

MetLife Investment Management LLC decreased its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,564 shares of the industrial products company's stock after selling 1,284 shares during the quarter. MetLife Investment Management LLC owned 0.10% of Chart Industries worth $6,866,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Janus Henderson Group PLC raised its position in Chart Industries by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock worth $307,046,000 after buying an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Chart Industries by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company's stock worth $168,853,000 after buying an additional 105,027 shares during the last quarter. King Luther Capital Management Corp raised its position in Chart Industries by 1.4% in the 1st quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock worth $141,427,000 after buying an additional 13,484 shares during the last quarter. Northern Trust Corp raised its position in Chart Industries by 23.4% in the 4th quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after buying an additional 121,259 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Chart Industries by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company's stock worth $77,438,000 after buying an additional 18,338 shares during the last quarter.

Chart Industries Trading Down 0.2%

Shares of NYSE:GTLS opened at $198.00 on Thursday. The stock has a 50 day moving average of $179.33 and a 200 day moving average of $162.71. The company has a market cap of $8.90 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced 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). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. As a group, equities research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GTLS. UBS Group reissued a "neutral" rating and issued a $210.00 target price (down previously from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Raymond James Financial reissued a "market perform" rating on shares of Chart Industries in a research report on Wednesday, July 30th. Johnson Rice lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price for the company. in a research report on Wednesday, July 30th. Morgan Stanley reduced their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Finally, Hsbc Global Res raised shares of Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.

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