Philadelphia Trust Co. Invests $3.61 Million in Chart Industries, Inc. $GTLS

Key Points

• Philadelphia Trust Co. acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) worth approximately $3.61 million, securing 25,000 shares in the first quarter.
• Chart Industries reported a missed earnings estimate for its last quarter, with EPS of $2.59 compared to the forecast of $2.62, alongside a revenue of $1.08 billion against an expected $1.11 billion.
• As of now, Chart Industries holds a consensus rating of "Hold" among analysts, with an average price target of $202.00.

Philadelphia Trust Co. bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the industrial products company's stock, valued at approximately $3,609,000. Philadelphia Trust Co. owned approximately 0.05% of Chart Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its position in Chart Industries by 13.2% during the first quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company's stock worth $292,000 after purchasing an additional 236 shares in the last quarter. GAMMA Investing LLC boosted its position in Chart Industries by 118.6% during the first quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock worth $183,000 after purchasing an additional 689 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Chart Industries by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company's stock worth $44,602,000 after purchasing an additional 6,681 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Chart Industries by 7.4% during the first quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company's stock worth $8,318,000 after purchasing an additional 3,948 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Chart Industries by 1.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock worth $979,000 after purchasing an additional 98 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GTLS. BTIG Research downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. UBS Group restated a "neutral" rating and issued a $210.00 price objective (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. TD Cowen downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Finally, Seaport Res Ptn downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $202.00.

Chart Industries Trading Up 0.2%

NYSE:GTLS traded up $0.4440 on Wednesday, hitting $198.3240. 1,341,074 shares of the stock were exchanged, compared to its average volume of 1,349,620. The stock has a market cap of $8.91 billion, a PE ratio of 36.86, a PEG 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. The stock has a fifty day moving average of $173.03 and a 200-day moving average of $162.75. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates 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 analysts expect that Chart Industries, Inc. will post 9.02 earnings per share 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.