Truist Financial Corp Has $4.77 Million Position in Chart Industries, Inc. $GTLS

Truist Financial Corp reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,950 shares of the industrial products company’s stock after selling 710 shares during the quarter. Truist Financial Corp owned about 0.06% of Chart Industries worth $4,767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Chart Industries by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company’s stock worth $168,853,000 after purchasing an additional 105,027 shares during the period. King Luther Capital Management Corp boosted its position in Chart Industries by 1.4% during the first quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company’s stock valued at $141,427,000 after acquiring an additional 13,484 shares during the last quarter. Gates Capital Management Inc. grew its holdings in Chart Industries by 61.5% during the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock worth $112,115,000 after acquiring an additional 295,738 shares during the period. Perpetual Ltd bought a new position in shares of Chart Industries in the 2nd quarter worth about $107,498,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Chart Industries by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company’s stock valued at $77,438,000 after purchasing an additional 18,338 shares during the period.

Wall Street Analyst Weigh In

GTLS has been the subject of several recent analyst reports. Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. UBS Group restated a “neutral” rating and issued a $210.00 price target (down from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Johnson Rice lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a report on Wednesday, July 30th. Cowen lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, TD Cowen lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $202.00.

Chart Industries Stock Performance

NYSE GTLS opened at $200.15 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. The company has a market capitalization of $9.00 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71. The company has a 50-day simple moving average of $199.18 and a 200 day simple moving average of $168.34. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03.

Chart Industries (NYSE:GTLS) last issued its 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). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. On average, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.