SG Americas Securities LLC Increases Stock Holdings in Chart Industries, Inc. $GTLS

SG Americas Securities LLC increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 595.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,181 shares of the industrial products company’s stock after purchasing an additional 17,281 shares during the period. SG Americas Securities LLC’s holdings in Chart Industries were worth $3,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of 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 buying an additional 3,948 shares during the period. Nordea Investment Management AB increased its stake in Chart Industries by 5.7% during 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 acquiring an additional 102,226 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in Chart Industries in the second quarter valued at $294,000. Ethic Inc. lifted its stake in shares of Chart Industries by 3.8% in the 2nd quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 103 shares during the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Chart Industries during the 1st quarter worth $304,000.

Chart Industries Trading Up 0.0%

Shares of GTLS stock opened at $203.64 on Wednesday. The stock has a market capitalization of $9.15 billion, a P/E ratio of 248.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.78. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $220.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.27 and a current ratio of 1.40. The company has a 50 day moving average price of $200.35 and a 200 day moving average price of $182.77.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results 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). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.18 EPS. Equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Cowen lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Citigroup cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Hsbc Global Res raised Chart Industries to a “hold” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Thursday, November 13th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chart Industries presently has an average rating of “Hold” and a consensus target price of $205.08.

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.