Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 49.9% during the 4th quarter, HoldingsChannel reports. The firm owned 272 shares of the industrial products company’s stock after selling 271 shares during the period. Capital Advisors Ltd. LLC’s holdings in Chart Industries were worth $37,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GTLS. Nordea Investment Management AB lifted its holdings in shares of Chart Industries by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after purchasing an additional 101,404 shares during the period. Federated Hermes Inc. increased its position in Chart Industries by 0.4% during the 4th quarter. Federated Hermes Inc. now owns 594,389 shares of the industrial products company’s stock worth $81,033,000 after purchasing an additional 2,151 shares during the period. Northern Trust Corp raised its stake in shares of Chart Industries by 3.2% during the 3rd quarter. Northern Trust Corp now owns 567,860 shares of the industrial products company’s stock worth $96,036,000 after buying an additional 17,681 shares in the last quarter. Scout Investments Inc. boosted its stake in shares of Chart Industries by 19.1% in the third quarter. Scout Investments Inc. now owns 555,921 shares of the industrial products company’s stock valued at $92,655,000 after buying an additional 89,141 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Chart Industries by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 455,506 shares of the industrial products company’s stock worth $77,035,000 after acquiring an additional 14,616 shares during the period.

Chart Industries Stock Performance

GTLS stock traded down $1.93 during midday trading on Thursday, reaching $151.02. The company had a trading volume of 111,694 shares, compared to its average volume of 594,077. The firm has a market capitalization of $6.35 billion, a PE ratio of 401.76, a P/E/G ratio of 0.42 and a beta of 1.70. Chart Industries, Inc. has a fifty-two week low of $106.66 and a fifty-two week high of $184.65. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22. The stock has a 50 day moving average price of $147.69 and a 200 day moving average price of $136.57.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $1.67 EPS. Chart Industries’s quarterly revenue was up 130.0% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 11.98 earnings per share for the current year.

Analyst Ratings Changes

GTLS has been the topic of several research analyst reports. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 target price on the stock in a research report on Thursday, January 4th. UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $152.00 to $170.00 in a report on Tuesday, March 19th. Wells Fargo & Company raised their price objective on Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. TD Cowen boosted their target price on Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, Morgan Stanley assumed coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $194.85.

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.