KBC Group NV Sells 516 Shares of Chart Industries, Inc. $GTLS

KBC Group NV lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 29.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,233 shares of the industrial products company’s stock after selling 516 shares during the quarter. KBC Group NV’s holdings in Chart Industries were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in Chart Industries by 7.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company’s stock valued at $8,318,000 after purchasing an additional 3,948 shares during the last quarter. Nordea Investment Management AB boosted its position in Chart Industries by 5.7% in the second quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after purchasing an additional 102,226 shares during the last quarter. D.A. Davidson & CO. bought a new position in Chart Industries during the second quarter valued at about $294,000. Ethic Inc. grew its position in shares of Chart Industries by 3.8% during the 2nd quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock valued at $472,000 after acquiring an additional 103 shares during the period. Finally, Ieq Capital LLC bought a new position in Chart Industries during the first quarter valued at $304,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GTLS shares. Johnson Rice lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research report on Wednesday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Thursday, November 13th. BTIG Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. Finally, Citigroup lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $205.08.

Chart Industries Stock Up 0.0%

Shares of NYSE GTLS opened at $203.64 on Wednesday. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $220.03. The firm has a market capitalization of $9.15 billion, a PE ratio of 248.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.78. The firm has a fifty day simple moving average of $200.35 and a two-hundred day simple moving average of $182.77. The company has a current ratio of 1.40, a quick ratio of 1.27 and a debt-to-equity ratio of 1.08.

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

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.