Teza Capital Management LLC Decreases Stock Holdings in Chart Industries, Inc. $GTLS

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 lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 68.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,783 shares of the industrial products company's stock after selling 6,043 shares during the period. Teza Capital Management LLC's holdings in Chart Industries were worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Palo Duro Investment Partners LP acquired a new stake in shares of Chart Industries during the 1st quarter worth approximately $3,002,000. Nixon Capital LLC boosted its position in shares of Chart Industries by 15.1% during the 1st quarter. Nixon Capital LLC now owns 94,495 shares of the industrial products company's stock worth $13,641,000 after purchasing an additional 12,409 shares during the period. Engaged Capital LLC boosted its position in shares of Chart Industries by 64.1% during the 1st quarter. Engaged Capital LLC now owns 368,996 shares of the industrial products company's stock worth $53,268,000 after purchasing an additional 144,200 shares during the period. AQR Capital Management LLC boosted its position in shares of Chart Industries by 39.0% during the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company's stock worth $3,694,000 after purchasing an additional 7,314 shares during the period. Finally, Amundi boosted its position in shares of Chart Industries by 65.6% during the 1st quarter. Amundi now owns 136,269 shares of the industrial products company's stock worth $19,672,000 after purchasing an additional 53,959 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Lake Street Capital 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. Citigroup cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. 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. BTIG Research cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Barclays decreased their price target on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $202.00.

Chart Industries Stock Down 0.3%

GTLS stock traded down $0.65 during midday trading on Friday, hitting $199.24. The company's stock had a trading volume of 949,433 shares, compared to its average volume of 1,548,001. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The firm has a market capitalization of $8.96 billion, a P/E ratio of 37.03, a PEG ratio of 1.16 and a beta of 1.67. The firm has a 50-day simple moving average of $189.24 and a 200-day simple moving average of $163.19.

Chart Industries (NYSE:GTLS - Get Free Report) last issued 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). The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.