Russell Investments Group Ltd. Has $5.28 Million Position in Chart Industries, Inc. $GTLS

Key Points

• Russell Investments Group Ltd. reduced its position in Chart Industries shares by 73.2% in the first quarter, owning approximately 36,563 shares valued at $5.28 million.
• Chart Industries reported $2.59 EPS for the most recent quarter, falling short of analysts' expectations of $2.62, with revenues of $1.08 billion compared to an estimate of $1.11 billion.
• Wall Street analysts currently rate Chart Industries with a consensus of "Hold" and set a target price of $202.00, reflecting mixed sentiment following several downgrades.

Russell Investments Group Ltd. reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 73.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,563 shares of the industrial products company's stock after selling 99,679 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Chart Industries worth $5,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GTLS. Capital Analysts LLC acquired a new position in shares of Chart Industries during the fourth quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chart Industries during the first quarter worth about $25,000. Global X Japan Co. Ltd. boosted its position 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 worth $25,000 after buying an additional 100 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Chart Industries during the first quarter worth about $44,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Chart Industries during the first quarter worth about $45,000.

Chart Industries Price Performance

NYSE:GTLS opened at $197.5860 on Friday. 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 stock's 50 day moving average price is $175.06 and its two-hundred day moving average price is $162.92. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 1.15 and a beta of 1.59. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $1.08 billion during 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%. On average, analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several recent research reports. Cowen cut Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Johnson Rice cut Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a research report on Wednesday, July 30th. Raymond James Financial reissued a "market perform" rating on shares of Chart Industries in a research report on Wednesday, July 30th. Hsbc Global Res raised Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Finally, BTIG Research cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $202.00.

Chart Industries Company 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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