Chart Industries, Inc. $GTLS Shares Sold by Bamco Inc. NY

Bamco Inc. NY lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 885,306 shares of the industrial products company’s stock after selling 65,897 shares during the quarter. Bamco Inc. NY owned about 1.97% of Chart Industries worth $145,766,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of Chart Industries by 4.7% in the 2nd quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 63 shares during the last quarter. Allworth Financial LP increased 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 valued at $27,000 after purchasing an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in Chart Industries by 14.1% during the second quarter. Itau Unibanco Holding S.A. now owns 641 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 79 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares during the period. Finally, Harbour Investments Inc. lifted its position in shares of Chart Industries by 4.2% in the 2nd quarter. Harbour Investments Inc. now owns 2,454 shares of the industrial products company’s stock worth $404,000 after buying an additional 100 shares during the last quarter.

Chart Industries Stock Up 0.2%

GTLS stock opened at $205.99 on Friday. The firm’s 50-day moving average is $202.02 and its two-hundred day moving average is $187.70. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 251.22, a price-to-earnings-growth ratio of 1.30 and a beta of 1.76. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. 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 posted its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $2.18 EPS. Chart Industries’s revenue was up 3.6% compared to the same quarter last year. On average, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

GTLS has been the subject of a number of recent research reports. Citigroup downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. upped their target price on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Monday. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $206.33.

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.