1832 Asset Management L.P. Decreases Stake in Chart Industries, Inc. $GTLS

1832 Asset Management L.P. cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 55.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,520 shares of the industrial products company’s stock after selling 9,500 shares during the quarter. 1832 Asset Management L.P.’s holdings in Chart Industries were worth $1,238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellspring Financial Advisors LLC acquired a new position in Chart Industries during the second quarter worth about $210,000. Edgestream Partners L.P. acquired a new stake in shares of Chart Industries during the 2nd quarter valued at approximately $941,000. Schroder Investment Management Group boosted its stake in shares of Chart Industries by 47.1% during the 2nd quarter. Schroder Investment Management Group now owns 81,711 shares of the industrial products company’s stock worth $13,454,000 after acquiring an additional 26,160 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Chart Industries by 269.1% in the 2nd quarter. Loomis Sayles & Co. L P now owns 313,386 shares of the industrial products company’s stock worth $51,599,000 after acquiring an additional 228,479 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Chart Industries in the 2nd quarter worth approximately $659,000.

Chart Industries Price Performance

NYSE:GTLS opened at $205.01 on Friday. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 250.02, a price-to-earnings-growth ratio of 1.29 and a beta of 1.76. The company’s 50-day moving average is $201.50 and its two-hundred day moving average is $186.26. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GTLS shares. JPMorgan Chase & Co. lifted their price objective on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Citigroup downgraded Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 1st. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Hold” and an average target price of $206.33.

Chart Industries 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.