US Bancorp DE Has $1.29 Million Stock Position in Chart Industries, Inc. $GTLS

US Bancorp DE decreased its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,817 shares of the industrial products company’s stock after selling 1,050 shares during the period. US Bancorp DE’s holdings in Chart Industries were worth $1,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its position in Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Brooklyn Investment Group lifted its position in Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in Chart Industries during the 2nd quarter worth about $33,000. SVB Wealth LLC acquired a new position in Chart Industries during the 1st quarter worth about $30,000. Finally, Atticus Wealth Management LLC acquired a new position in Chart Industries during the 2nd quarter worth about $34,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $200.11 on Friday. 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 stock has a market cap of $8.99 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71. The stock has a 50-day moving average of $199.34 and a 200-day moving average of $170.45. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $220.03.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.03). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. 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. Barclays cut their target price on shares of Chart Industries from $171.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. UBS Group restated a “neutral” rating and set a $210.00 target price (down from $225.00) on shares of Chart Industries 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, BTIG Research downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries currently has a consensus rating of “Hold” and an average price target of $204.85.

Chart Industries Company 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.