Chart Industries, Inc. $GTLS Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 99.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,100 shares of the industrial products company’s stock after selling 1,038,346 shares during the period. William Blair Investment Management LLC’s holdings in Chart Industries were worth $675,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group boosted its position in shares of Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Chart Industries during the 1st quarter worth $30,000. Toth Financial Advisory Corp purchased a new stake in shares of Chart Industries during the 2nd quarter worth $33,000. Atticus Wealth Management LLC purchased a new stake in shares of Chart Industries during the 2nd quarter worth $34,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of Chart Industries during the 1st quarter worth $44,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GTLS shares. Raymond James Financial restated a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. Seaport Res Ptn lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Barclays reduced their target price on shares of Chart Industries from $171.00 to $169.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. BTIG Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Craig Hallum lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries has an average rating of “Hold” and an average price target of $204.85.

Chart Industries Stock Down 0.1%

GTLS stock opened at $199.71 on Tuesday. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $8.98 billion, a P/E ratio of 37.12, a PEG ratio of 1.16 and a beta of 1.71. The firm has a 50 day simple moving average of $199.39 and a 200-day simple moving average of $171.86.

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 analysts’ consensus estimates of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.