Vanguard Group Inc. Lowers Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Vanguard Group Inc. trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.7% in the 1st quarter, according to its most recent disclosure with the 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 approximately 9.40% of Chart Industries worth $610,071,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. First Manhattan CO. LLC. raised its holdings in Chart Industries by 3.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 54 shares during the last quarter. Xponance Inc. raised its holdings in Chart Industries by 1.4% in the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company’s stock worth $883,000 after acquiring an additional 85 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Chart Industries by 1.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company’s stock worth $979,000 after acquiring an additional 98 shares during the last quarter. Global X Japan Co. Ltd. raised its holdings in Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in Chart Industries by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,458,000 after acquiring an additional 100 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GTLS. BTIG Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Hsbc Global Res raised shares of Chart Industries to a “hold” rating in a research report on Wednesday, July 30th. Seaport Res Ptn downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Craig Hallum downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Lake Street Capital downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has an average rating of “Hold” and an average price target of $202.00.

Chart Industries Trading Down 0.1%

Shares of GTLS stock opened at $198.77 on Thursday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The firm has a fifty day moving average price of $169.08 and a 200-day moving average price of $163.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 1.15 and a beta of 1.59.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. As a group, equities analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.