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

A number of other institutional investors also recently made changes to their positions in the stock. Capital Analysts LLC bought a new stake in shares of Chart Industries in the 4th quarter valued at approximately $25,000. Global X Japan Co. Ltd. lifted its stake in shares of 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 valued at $25,000 after acquiring an additional 100 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Chart Industries during the first quarter worth about $25,000. Hughes Financial Services LLC bought a new position in Chart Industries in the first quarter valued at approximately $44,000. Finally, Byrne Asset Management LLC bought a new position in shares of Chart Industries during the 1st quarter worth approximately $45,000.

Chart Industries Price Performance

Shares of Chart Industries stock traded down $0.4570 during trading on Thursday, hitting $197.7930. 1,499,039 shares of the stock traded hands, compared to its average volume of 1,351,736. The firm's fifty day moving average is $174.06 and its 200-day moving average is $163.00. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.14 and a beta of 1.59. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week 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.

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 business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Cowen cut Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Raymond James Financial reissued a "market perform" rating on shares of Chart Industries in a research note on Wednesday, July 30th. Lake Street Capital lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a report on Wednesday, July 30th. TD Cowen lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, UBS Group reissued a "neutral" rating and issued a $210.00 target price (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $202.00.

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.