UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $28.54 Million Position in Chart Industries, Inc. $GTLS

Key Points

• UBS Asset Management increased its stake in Chart Industries by 1.2%, holding 197,703 shares valued at approximately $28.54 million as of the end of the first quarter.
• Chart Industries reported earnings of $2.59 EPS for the last quarter, which was below analysts' expectations of $2.62, alongside revenues of $1.08 billion.
• Equities research analysts have mostly rated Chart Industries as a Hold, with a consensus price target of $202.00, following several downgrades from a "buy" to a "hold" rating.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,703 shares of the industrial products company's stock after purchasing an additional 2,249 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.43% of Chart Industries worth $28,540,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC lifted its holdings in shares of Chart Industries by 13.2% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company's stock valued at $292,000 after purchasing an additional 236 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Chart Industries by 118.6% during the 1st quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock valued at $183,000 after purchasing an additional 689 shares in the last quarter. Bank of New York Mellon Corp lifted 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 valued at $44,602,000 after purchasing an additional 6,681 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake 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 acquiring an additional 3,948 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake 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 acquiring an additional 98 shares in the last quarter.

Chart Industries Price Performance

Shares of NYSE:GTLS traded down $0.44 during trading on Friday, reaching $199.39. 1,389,979 shares of the company traded hands, compared to its average volume of 1,270,102. The company's 50 day moving average is $192.44 and its two-hundred day moving average is $164.10. The firm has a market capitalization of $8.96 billion, a PE ratio of 37.06, a PEG ratio of 1.16 and a beta of 1.67. 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.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on GTLS. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Barclays cut their target price on 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. Craig Hallum lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. UBS Group reaffirmed a "neutral" rating and set a $210.00 price target (down previously from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Finally, Lake Street Capital lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of "Hold" and a consensus 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.