Russell Investments Group Ltd. Trims Position in Chart Industries, Inc. (NYSE:GTLS)

Russell Investments Group Ltd. lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 15.9% during the 4th quarter, Holdings Channel reports. The fund owned 101,889 shares of the industrial products company’s stock after selling 19,297 shares during the quarter. Russell Investments Group Ltd.’s holdings in Chart Industries were worth $13,891,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Nordea Investment Management AB raised its holdings in shares of Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after acquiring an additional 101,404 shares during the period. Federated Hermes Inc. raised its holdings in Chart Industries by 0.4% in the 4th quarter. Federated Hermes Inc. now owns 594,389 shares of the industrial products company’s stock valued at $81,033,000 after buying an additional 2,151 shares during the period. Northern Trust Corp raised its holdings in Chart Industries by 3.2% in the 3rd quarter. Northern Trust Corp now owns 567,860 shares of the industrial products company’s stock valued at $96,036,000 after buying an additional 17,681 shares during the period. Scout Investments Inc. raised its holdings in Chart Industries by 19.1% in the 3rd 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Chart Industries by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 455,506 shares of the industrial products company’s stock valued at $77,035,000 after buying an additional 14,616 shares during the period.

Chart Industries Stock Performance

Shares of GTLS opened at $155.00 on Friday. The stock has a 50 day moving average price of $149.88 and a 200 day moving average price of $136.24. 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 company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 407.89, a price-to-earnings-growth ratio of 0.40 and a beta of 1.73. Chart Industries, Inc. has a 52-week low of $106.66 and a 52-week high of $184.65.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GTLS. Morgan Stanley began coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price objective on the stock. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Wells Fargo & Company lifted their target price on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, TD Cowen lifted their target price on Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.