Vanguard Group Inc. Sells 71,356 Shares of Chart Industries, Inc. $GTLS

Vanguard Group Inc. cut its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,226,042 shares of the industrial products company's stock after selling 71,356 shares during the period. Vanguard Group Inc. owned 9.40% of Chart Industries worth $610,071,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GTLS. Wolf Hill Capital Management LP bought a new stake in shares of Chart Industries during the 4th quarter valued at about $101,121,000. Dimensional Fund Advisors LP boosted its stake in Chart Industries by 37.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after acquiring an additional 291,520 shares in the last quarter. Engaged Capital LLC bought a new position in shares of Chart Industries during the 4th quarter worth about $42,900,000. Frontier Capital Management Co. LLC boosted its position in shares of Chart Industries by 920.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company's stock worth $44,670,000 after purchasing an additional 211,134 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Chart Industries during the 4th quarter valued at $36,545,000.

Analysts Set New Price Targets

GTLS has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Lake Street Capital cut 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. Raymond James Financial restated a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Stifel Nicolaus dropped their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Seaport Res Ptn lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has an average rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Performance

Shares of NYSE GTLS traded up $0.62 during midday trading on Monday, hitting $198.84. 773,535 shares of the stock traded hands, compared to its average volume of 1,330,311. The firm has a 50-day moving average of $171.04 and a two-hundred day moving average of $162.60. The firm has a market capitalization of $8.94 billion, a P/E ratio of 36.96, a PEG ratio of 1.15 and a beta of 1.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted 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). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. On average, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal 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.