NBW Capital LLC Decreases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• NBW Capital LLC reduced its stake in Chart Industries, Inc. by 36.4%, now holding 40,260 shares valued at approximately $5.81 million.
• Chart Industries reported a quarterly EPS of $2.59, which was below the consensus estimate of $2.62, alongside a revenue of $1.08 billion.
• Analysts have set an average target price of $202.00 for Chart Industries, with a majority rating the stock as a "Hold."

NBW Capital LLC lowered its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 36.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 40,260 shares of the industrial products company's stock after selling 23,065 shares during the quarter. Chart Industries comprises 1.3% of NBW Capital LLC's investment portfolio, making the stock its 26th biggest holding. NBW Capital LLC owned about 0.09% of Chart Industries worth $5,812,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Analysts LLC purchased a new position in shares of Chart Industries during the 4th quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new position in Chart Industries during the first quarter worth $25,000. Global X Japan Co. Ltd. increased its position in Chart Industries by 142.9% during the first 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. Hughes Financial Services LLC purchased a new stake in shares of Chart Industries in the first quarter valued at $44,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of Chart Industries in the first quarter valued at $45,000.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $0.33 during mid-day trading on Friday, reaching $198.66. The company had a trading volume of 5,110,719 shares, compared to its average volume of 4,039,815. The company's 50-day moving average price is $166.43 and its 200-day moving average price is $163.33. 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 one year low of $101.60 and a one year high of $220.03. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 1.15 and a beta of 1.59.

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). The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BTIG Research lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Raymond James Financial reaffirmed a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. TD Cowen lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Lake Street Capital downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price for the company. in a research note on Wednesday, July 30th. Finally, Seaport Res Ptn downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $202.00.

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.