Rhumbline Advisers Boosts Stock Position in Chart Industries, Inc. $GTLS

Rhumbline Advisers lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 8.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 147,689 shares of the industrial products company’s stock after purchasing an additional 12,118 shares during the quarter. Rhumbline Advisers’ holdings in Chart Industries were worth $24,317,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Journey Strategic Wealth LLC bought a new position in Chart Industries during the second quarter valued at approximately $562,000. Legal & General Group Plc grew its holdings in shares of Chart Industries by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 74,509 shares of the industrial products company’s stock valued at $12,268,000 after purchasing an additional 6,195 shares during the last quarter. Swiss National Bank grew its holdings in shares of Chart Industries by 3.4% during the 2nd quarter. Swiss National Bank now owns 85,800 shares of the industrial products company’s stock valued at $14,127,000 after purchasing an additional 2,800 shares during the last quarter. Renaissance Group LLC purchased a new position in Chart Industries in the 2nd quarter worth $8,237,000. Finally, Primecap Management Co. CA lifted its stake in Chart Industries by 7.2% in the second quarter. Primecap Management Co. CA now owns 194,475 shares of the industrial products company’s stock worth $32,020,000 after purchasing an additional 13,060 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GTLS shares. TD Cowen cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Cowen lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price objective on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Tuesday. Finally, Johnson Rice downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price on the stock. in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chart Industries currently has an average rating of “Hold” and a consensus target price of $205.08.

Chart Industries Trading Up 0.0%

NYSE GTLS opened at $203.93 on Thursday. The stock has a market cap of $9.17 billion, a P/E ratio of 248.70, 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 stock has a 50 day simple moving average of $200.84 and a two-hundred day simple moving average of $184.63. 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 (NYSE:GTLS) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. Chart Industries’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.18 EPS. On average, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.