Chart Industries, Inc. $GTLS Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC has reduced its stake in Chart Industries, Inc. by 68.5% during the first quarter, following a sale of 6,043 shares.
• Several institutional investors have increased their holdings in Chart Industries, with GAMMA Investing LLC notably raising its stake by 31,455.4%.
• Chart Industries reported earnings of $2.59 per share, missing estimates by $0.03, and had a revenue of $1.08 billion, below the expected $1.11 billion.

Teza Capital Management LLC trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 68.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,783 shares of the industrial products company's stock after selling 6,043 shares during the quarter. Teza Capital Management LLC's holdings in Chart Industries were worth $402,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GTLS. Schonfeld Strategic Advisors LLC bought a new stake in Chart Industries during the fourth quarter valued at approximately $202,000. Cetera Investment Advisers grew its position in Chart Industries by 44.4% during the fourth quarter. Cetera Investment Advisers now owns 8,451 shares of the industrial products company's stock valued at $1,613,000 after buying an additional 2,597 shares during the period. Deutsche Bank AG grew its position in Chart Industries by 46.8% during the fourth quarter. Deutsche Bank AG now owns 173,444 shares of the industrial products company's stock valued at $33,100,000 after buying an additional 55,293 shares during the period. First Manhattan CO. LLC. grew its position in Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after buying an additional 54 shares during the period. Finally, Ensign Peak Advisors Inc grew its position in Chart Industries by 8.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 15,601 shares of the industrial products company's stock valued at $2,977,000 after buying an additional 1,160 shares during the period.

Chart Industries Trading Down 0.2%

Shares of NYSE GTLS traded down $0.41 during trading hours on Friday, reaching $199.48. The stock had a trading volume of 528,805 shares, compared to its average volume of 1,354,873. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. 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 firm has a market cap of $8.97 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 1.15 and a beta of 1.67. The business's fifty day moving average price is $188.65 and its two-hundred day moving average price is $163.21.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GTLS shares. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Craig Hallum cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. BTIG Research cut Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Citigroup cut Chart Industries from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, Lake Street Capital cut 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. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $202.00.

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.