Ethic Inc. Buys 103 Shares of Chart Industries, Inc. $GTLS

Ethic Inc. raised its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,812 shares of the industrial products company’s stock after purchasing an additional 103 shares during the period. Ethic Inc.’s holdings in Chart Industries were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. D.A. Davidson & CO. bought a new position in shares of Chart Industries during the 2nd quarter valued at about $294,000. Blume Capital Management Inc. boosted its holdings in shares of Chart Industries by 1.6% during the 2nd quarter. Blume Capital Management Inc. now owns 18,097 shares of the industrial products company’s stock valued at $2,980,000 after purchasing an additional 290 shares during the last quarter. Aurora Investment Counsel boosted its holdings in shares of Chart Industries by 10.3% during the 2nd quarter. Aurora Investment Counsel now owns 7,240 shares of the industrial products company’s stock valued at $1,192,000 after purchasing an additional 679 shares during the last quarter. Securian Asset Management Inc. boosted its holdings in shares of Chart Industries by 5.2% during the 2nd quarter. Securian Asset Management Inc. now owns 3,422 shares of the industrial products company’s stock valued at $563,000 after purchasing an additional 169 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Chart Industries during the 2nd quarter valued at about $1,745,000.

Chart Industries Stock Performance

Chart Industries stock opened at $199.62 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $220.03. The firm has a market capitalization of $8.97 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 1.15 and a beta of 1.71. The company’s 50-day moving average is $199.53 and its 200 day moving average is $175.12.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GTLS shares. Seaport Res Ptn cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. BTIG Research cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Chart Industries in a research report on Wednesday, October 8th. Craig Hallum cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Cowen cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $204.85.

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.