Nisa Investment Advisors LLC Sells 102 Shares of Chart Industries, Inc. $GTLS

Nisa Investment Advisors LLC decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,161 shares of the industrial products company’s stock after selling 102 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chart Industries were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc lifted its position in Chart Industries by 4.7% in the 2nd quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock worth $258,000 after buying an additional 63 shares during the last quarter. Xponance Inc. lifted its position in Chart Industries by 1.4% in the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company’s stock worth $883,000 after buying an additional 85 shares during the last quarter. State of Michigan Retirement System lifted its position in Chart Industries by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,458,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Chart Industries by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company’s stock worth $1,703,000 after buying an additional 100 shares during the last quarter. Finally, Securian Asset Management Inc. increased its stake in Chart Industries by 3.2% in the 1st quarter. Securian Asset Management Inc. now owns 3,253 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 100 shares during the period.

Chart Industries Price Performance

GTLS opened at $199.54 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.27 and a current ratio of 1.40. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The stock has a market capitalization of $8.97 billion, a PE ratio of 243.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.71. The stock’s 50 day moving average price is $199.59 and its 200-day moving average price is $175.81.

Chart Industries (NYSE:GTLS) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm posted $2.18 earnings per share. Chart Industries’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GTLS shares. Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Cowen cut Chart Industries from a “buy” rating to a “hold” rating 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 note on Friday, August 1st. Barclays decreased their price objective on shares of Chart Industries from $171.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Finally, Seaport Res Ptn cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, Chart Industries has a consensus rating of “Hold” and an average price target of $205.21.

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.