Chart Industries, Inc. $GTLS Shares Sold by Creative Planning

Creative Planning lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,579 shares of the industrial products company’s stock after selling 318 shares during the period. Creative Planning’s holdings in Chart Industries were worth $2,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP raised its stake in Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Brooklyn Investment Group increased its holdings in shares of 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 during the last quarter. SVB Wealth LLC purchased a new stake in shares of Chart Industries during the 1st quarter valued at approximately $30,000. Bessemer Group Inc. lifted its holdings in Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 93 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Chart Industries in the second quarter valued at approximately $33,000.

Chart Industries Price Performance

Shares of GTLS opened at $203.75 on Wednesday. The company has a market cap of $9.16 billion, a P/E ratio of 248.47, a PEG ratio of 1.15 and a beta of 1.78. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $220.03. The company has a quick ratio of 1.27, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average price is $200.76 and its 200 day moving average price is $184.49.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $2.18 EPS. Chart Industries’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GTLS shares. Johnson Rice cut Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Craig Hallum cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. Finally, Seaport Res Ptn lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chart Industries presently has an average rating of “Hold” and an average target price of $205.08.

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.