Chart Industries, Inc. $GTLS Shares Acquired by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. grew its stake in Chart Industries, Inc. (NYSE:GTLS) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,715 shares of the industrial products company’s stock after purchasing an additional 515 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Chart Industries were worth $1,435,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Chart Industries by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company’s stock worth $168,853,000 after acquiring an additional 105,027 shares during the period. King Luther Capital Management Corp raised its stake in Chart Industries by 1.4% during the first quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company’s stock worth $141,427,000 after acquiring an additional 13,484 shares during the period. Gates Capital Management Inc. raised its stake in Chart Industries by 61.5% during the first quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock worth $112,115,000 after acquiring an additional 295,738 shares during the period. Perpetual Ltd acquired a new stake in Chart Industries during the second quarter worth about $107,498,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Chart Industries by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company’s stock worth $77,438,000 after acquiring an additional 18,338 shares during the period.

Chart Industries Trading Down 0.2%

Chart Industries stock opened at $199.82 on Monday. The firm has a 50 day simple moving average of $199.24 and a 200-day simple moving average of $169.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The stock has a market capitalization of $8.98 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GTLS shares. Cowen lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Lake Street Capital lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research note on Wednesday, July 30th. Hsbc Global Res upgraded shares of Chart Industries to a “hold” rating in a research note on Wednesday, July 30th. BTIG Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Johnson Rice lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Hold” and an average target price of $202.00.

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.