Nixon Capital LLC Grows Stock Position in Chart Industries, Inc. $GTLS

Key Points

• Nixon Capital LLC increased its stake in Chart Industries, Inc. by 15.1% during the first quarter, acquiring an additional 12,409 shares and holding a total of 94,495 shares at a value of approximately $13.6 million.
• Chart Industries recently reported a quarterly earnings per share (EPS) of $2.59, which was below analysts' expectations of $2.62, alongside revenue of $1.08 billion.
• Goldman Sachs set a target price of $180.00 for Chart Industries, while the average analyst rating remains a "Hold" with a target price of $202.00.

Nixon Capital LLC increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 15.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,495 shares of the industrial products company's stock after purchasing an additional 12,409 shares during the quarter. Chart Industries accounts for 4.7% of Nixon Capital LLC's holdings, making the stock its 9th biggest position. Nixon Capital LLC owned approximately 0.21% of Chart Industries worth $13,641,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GTLS. Schonfeld Strategic Advisors LLC bought a new stake in Chart Industries during the 4th quarter worth approximately $202,000. Mercer Global Advisors Inc. ADV increased its stake in Chart Industries by 244.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,464 shares of the industrial products company's stock worth $1,233,000 after purchasing an additional 4,589 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Chart Industries during the 4th quarter worth approximately $12,349,000. Cetera Investment Advisers grew its stake in shares of Chart Industries by 44.4% during the 4th quarter. Cetera Investment Advisers now owns 8,451 shares of the industrial products company's stock worth $1,613,000 after acquiring an additional 2,597 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Chart Industries during the 4th quarter worth approximately $36,545,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GTLS. Cowen cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Craig Hallum cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Barclays decreased their price target on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Morgan Stanley decreased 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 note on Friday, May 16th. Finally, Lake Street Capital cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a research note on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Down 0.0%

Shares of NYSE:GTLS traded down $0.05 during midday trading on Friday, hitting $199.31. The stock had a trading volume of 2,156,233 shares, compared to its average volume of 2,121,024. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The business's 50-day simple moving average is $186.00 and its 200-day simple moving average is $162.46. The company has a market cap of $8.96 billion, a P/E ratio of 37.05, a PEG 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 (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

About Chart Industries

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.