UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 2,249 Shares of 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 raised its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in Chart Industries in the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. grew its position in shares of Chart Industries by 142.9% during the 1st 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. Brooklyn Investment Group grew its holdings in Chart Industries by 19,900.0% during the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 199 shares during the period. SVB Wealth LLC acquired a new position in Chart Industries during the first quarter valued at approximately $30,000. Finally, Hughes Financial Services LLC acquired a new position in Chart Industries during the first quarter valued at approximately $44,000.

Chart Industries Stock Performance

Shares of GTLS stock traded down $0.17 on Thursday, hitting $199.81. The company's stock had a trading volume of 926,089 shares, compared to its average volume of 1,355,328. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $220.03. The stock's 50 day moving average is $191.22 and its 200-day moving average is $163.63. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. The company has a market capitalization of $8.98 billion, a PE ratio of 37.14, a PEG ratio of 1.15 and a beta of 1.67.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Hsbc Global Res raised shares of Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. Cowen lowered shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. BTIG Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Johnson Rice lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective on the stock. in a research report on Wednesday, July 30th. Finally, Seaport Res Ptn downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $202.00.

About Chart Industries

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.