Wealth Enhancement Advisory Services LLC Sells 3,225 Shares of Chart Industries, Inc. $GTLS

Key Points

• Wealth Enhancement Advisory Services LLC reduced its holding in Chart Industries by 8.1%, selling 3,225 shares and now owns 36,425 shares valued at approximately $6.32 million.
• Recent analyst activity includes a downgrade from Cowen and BTIG Research, with a consensus rating of "Hold" and a target price of $202.00 set by analysts.
• Chart Industries reported a earnings per share (EPS) of $2.59 for the latest quarter, missing estimates, with revenues of $1.08 billion, below expectations of $1.11 billion.

Wealth Enhancement Advisory Services LLC reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 8.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,425 shares of the industrial products company's stock after selling 3,225 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.08% of Chart Industries worth $6,324,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GTLS. Global X Japan Co. Ltd. boosted its position in shares of Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after buying an additional 100 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Chart Industries during the 1st quarter valued at about $25,000. Brooklyn Investment Group grew its stake in shares of Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after acquiring an additional 199 shares during the period. SVB Wealth LLC bought a new stake in shares of Chart Industries in the first quarter worth approximately $30,000. Finally, Atticus Wealth Management LLC purchased a new position in shares of Chart Industries during the second quarter valued at approximately $34,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on GTLS shares. Cowen downgraded shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Raymond James Financial reaffirmed a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. BTIG Research downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Hsbc Global Res raised Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Four research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Chart Industries currently has a consensus rating of "Hold" and a consensus target price of $202.00.

Chart Industries Trading Down 0.1%

Shares of NYSE GTLS opened at $199.48 on Wednesday. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The firm has a market cap of $8.97 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. The business has a fifty day simple moving average of $193.80 and a two-hundred day simple moving average of $164.82. 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 (NYSE:GTLS - Get Free Report) last announced 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 firm had revenue of $1.08 billion for 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%. Analysts expect that Chart Industries, Inc. will post 9.02 earnings per share 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.

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