Strs Ohio Acquires Shares of 4,900 Chart Industries, Inc. $GTLS

Key Points

• Strs Ohio has invested approximately $707,000 in Chart Industries, acquiring 4,900 shares of the company's stock in the first quarter.
• Chart Industries reported earnings per share (EPS) of $2.59 for the last quarter, falling short of analysts' expectations of $2.62.
• Four investment analysts have assigned a Buy rating to Chart Industries, while thirteen have given a Hold rating, resulting in a consensus recommendation of "Hold" for the stock.

Strs Ohio purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,900 shares of the industrial products company's stock, valued at approximately $707,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC increased its stake in Chart Industries by 13.2% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company's stock valued at $292,000 after buying an additional 236 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Chart Industries by 118.6% in the 1st quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock valued at $183,000 after acquiring an additional 689 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Chart Industries by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company's stock worth $44,602,000 after buying an additional 6,681 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Chart Industries by 7.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company's stock valued at $8,318,000 after purchasing an additional 3,948 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Chart Industries by 1.5% in the 1st 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 during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GTLS. Seaport Res Ptn downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Johnson Rice cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective for the company. in a research report on Wednesday, July 30th. UBS Group reiterated a "neutral" rating and set a $210.00 price objective (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. TD Cowen cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. 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 report on Wednesday, May 28th. Four equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $202.00.

Chart Industries Trading Up 0.3%

Shares of GTLS traded up $0.56 during trading hours on Tuesday, hitting $200.18. 85,298 shares of the stock were exchanged, compared to its average volume of 1,344,323. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $220.03. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The business has a 50-day moving average of $193.11 and a 200-day moving average of $164.58. The firm has a market capitalization of $9.00 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. On average, research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current 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.