Raiffeisen Bank International AG Sells 9,000 Shares of Chart Industries, Inc. (NYSE:GTLS)

Key Points

• Raiffeisen Bank International AG has reduced its stake in Chart Industries, Inc. by 62.1%, now owning 5,500 shares worth approximately $810,000 after selling 9,000 shares.
• Several institutional investors, including Janus Henderson Group PLC and Dimensional Fund Advisors LP, have increased their stakes in Chart Industries during the fourth quarter.
• Chart Industries reported $2.59 earnings per share for the most recent quarter, which was slightly below analysts' expectations, and had a revenue of $1.08 billion, missing the consensus estimate.

Raiffeisen Bank International AG cut its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 62.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the industrial products company's stock after selling 9,000 shares during the period. Raiffeisen Bank International AG's holdings in Chart Industries were worth $810,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in Chart Industries by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock worth $307,046,000 after buying an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Chart Industries by 37.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after buying an additional 291,520 shares during the last quarter. Northern Trust Corp raised its stake in Chart Industries by 23.4% during the fourth quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after buying an additional 121,259 shares during the last quarter. Wolf Hill Capital Management LP bought a new position in Chart Industries during the fourth quarter worth $101,121,000. Finally, Federated Hermes Inc. boosted its stake in Chart Industries by 9.4% during the first quarter. Federated Hermes Inc. now owns 444,413 shares of the industrial products company's stock worth $64,155,000 after acquiring an additional 38,278 shares in the last quarter.

Analyst Upgrades and Downgrades

GTLS has been the topic of several research analyst reports. TD Cowen lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Stifel Nicolaus cut their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Barclays cut their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. UBS Group reissued a "neutral" rating and set a $210.00 target price (down from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $202.00.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $198.74 on Tuesday. 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's fifty day simple moving average is $163.31 and its two-hundred day simple moving average is $163.43. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The stock has a market cap of $8.93 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. As a group, analysts forecast that Chart Industries, Inc. will post 9.02 EPS 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.

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