Sentry Investment Management LLC Sells 492 Shares of Chart Industries, Inc. $GTLS

Sentry Investment Management LLC lowered its position in Chart Industries, Inc. (NYSE:GTLS) by 44.2% in the second quarter, Holdings Channel.com reports. The fund owned 621 shares of the industrial products company’s stock after selling 492 shares during the period. Sentry Investment Management LLC’s holdings in Chart Industries were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Perpetual Ltd acquired a new position in Chart Industries during the second quarter worth $107,498,000. 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 in the last quarter. Van Berkom & Associates Inc. raised its stake in Chart Industries by 101.2% during the first quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company’s stock worth $54,095,000 after acquiring an additional 188,477 shares in the last quarter. Driehaus Capital Management LLC raised its stake in Chart Industries by 77.7% during the first quarter. Driehaus Capital Management LLC now owns 340,198 shares of the industrial products company’s stock worth $49,111,000 after acquiring an additional 148,703 shares in the last quarter. Finally, Engaged Capital LLC raised its stake in Chart Industries by 64.1% during the first quarter. Engaged Capital LLC now owns 368,996 shares of the industrial products company’s stock worth $53,268,000 after acquiring an additional 144,200 shares in the last quarter.

Chart Industries Trading Down 0.1%

GTLS stock opened at $199.91 on Monday. The company has a market cap of $8.98 billion, a P/E ratio of 37.16, a PEG ratio of 1.16 and a beta of 1.71. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The business has a fifty day moving average of $199.37 and a 200-day moving average of $171.28.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Seaport Res Ptn lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Barclays cut their price objective on Chart Industries from $171.00 to $169.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. Hsbc Global Res upgraded Chart Industries to a “hold” rating in a research report on Wednesday, July 30th. Finally, Citigroup downgraded Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $204.85.

About Chart Industries

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.