Moody Aldrich Partners LLC Decreases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Moody Aldrich Partners LLC trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,955 shares of the industrial products company’s stock after selling 1,085 shares during the period. Chart Industries accounts for 1.3% of Moody Aldrich Partners LLC’s holdings, making the stock its 17th biggest position. Moody Aldrich Partners LLC’s holdings in Chart Industries were worth $7,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock valued at $839,000 after purchasing an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after buying an additional 15,862 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after buying an additional 13,181 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of Chart Industries by 26.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after buying an additional 2,000 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in shares of Chart Industries in the third quarter worth about $373,000.

Chart Industries Price Performance

Shares of GTLS opened at $205.74 on Wednesday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The stock has a market cap of $8.81 billion, a PE ratio of 59.63, a P/E/G ratio of 0.64 and a beta of 1.84. The firm has a 50-day simple moving average of $196.92 and a two-hundred day simple moving average of $155.17. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. Chart Industries’s revenue was up 18.3% on a year-over-year basis. As a group, analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Craig Hallum raised their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus raised their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Raymond James restated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $188.75.

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.