IFP Advisors Inc Buys 63 Shares of Chart Industries, Inc. $GTLS

IFP Advisors Inc raised its position in Chart Industries, Inc. (NYSE:GTLS) by 4.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,415 shares of the industrial products company’s stock after buying an additional 63 shares during the period. IFP Advisors Inc’s holdings in Chart Industries were worth $258,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Chart Industries by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company’s stock worth $168,853,000 after buying an additional 105,027 shares during the period. King Luther Capital Management Corp increased its holdings in shares of Chart Industries by 1.4% in 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 in the last quarter. Gates Capital Management Inc. raised its position in shares of 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 purchasing an additional 295,738 shares during the period. Perpetual Ltd acquired a new stake in shares of Chart Industries during the second quarter worth about $107,498,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Chart Industries by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company’s stock valued at $77,438,000 after purchasing an additional 18,338 shares in the last quarter.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several research reports. TD Cowen downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a report on Wednesday, July 30th. Johnson Rice downgraded 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. BTIG Research cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, Cowen downgraded Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $204.85.

Chart Industries Trading Up 0.0%

Shares of Chart Industries stock opened at $200.11 on Friday. 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 business has a fifty day simple moving average of $199.34 and a two-hundred day simple moving average of $170.45. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 1.16 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.