Pier 88 Investment Partners LLC Sells 1,920 Shares of Chart Industries, Inc. (NYSE:GTLS)

Pier 88 Investment Partners LLC trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 33.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,870 shares of the industrial products company's stock after selling 1,920 shares during the period. Pier 88 Investment Partners LLC's holdings in Chart Industries were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GTLS. First Manhattan CO. LLC. grew its stake in Chart Industries by 3.1% in the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after purchasing an additional 54 shares in the last quarter. Xponance Inc. grew its stake in Chart Industries by 1.4% in the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock valued at $883,000 after purchasing an additional 85 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Chart Industries by 1.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after purchasing an additional 98 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in Chart Industries by 1.0% in the first quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock valued at $1,458,000 after purchasing an additional 100 shares in the last quarter.

Chart Industries Price Performance

NYSE GTLS traded down $0.96 during trading hours on Thursday, reaching $170.67. 541,444 shares of the company's stock were exchanged, compared to its average volume of 775,423. The stock has a market cap of $7.80 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.68. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The firm has a fifty day moving average of $159.42 and a 200-day moving average of $164.89. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The business's quarterly revenue was up 38.8% compared to the same quarter last year. During the same period last year, the company earned $1.49 EPS. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. TD Cowen decreased their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company decreased their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Finally, Barclays set a $169.00 price objective on Chart Industries and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $199.82.

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.