Chart Industries, Inc. $GTLS Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 37.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,133 shares of the industrial products company’s stock after selling 16,497 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.06% of Chart Industries worth $4,467,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GTLS. Allworth Financial LP grew its holdings in Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. Brooklyn Investment Group lifted its position 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 purchasing an additional 199 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Chart Industries during the first quarter worth $30,000. Bessemer Group Inc. increased 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 buying an additional 93 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in Chart Industries in the second quarter valued at $33,000.

Chart Industries Stock Up 0.0%

GTLS stock opened at $203.93 on Friday. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 248.70, a price-to-earnings-growth ratio of 1.15 and a beta of 1.78. The company has a fifty day moving average price of $200.92 and a 200 day moving average price of $184.76. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.27. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $220.03.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on GTLS shares. TD Cowen cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. BTIG Research cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Citigroup lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. raised their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $205.08.

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.