Chart Industries, Inc. (NYSE:GTLS) Stake Reduced by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 40.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,337 shares of the industrial products company’s stock after selling 2,953 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in Chart Industries were worth $714,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Advisors Asset Management Inc. grew its holdings in shares of Chart Industries by 37.9% in the 1st quarter. Advisors Asset Management Inc. now owns 571 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 157 shares during the last quarter. Shell Asset Management Co. acquired a new position in shares of Chart Industries in the 1st quarter valued at $451,000. Bessemer Group Inc. increased its stake in Chart Industries by 1,302.3% in the 1st quarter. Bessemer Group Inc. now owns 617 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 573 shares in the last quarter. Covestor Ltd raised its holdings in Chart Industries by 509.8% during the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after buying an additional 311 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Chart Industries by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock valued at $693,243,000 after buying an additional 45,137 shares in the last quarter.

Chart Industries Stock Up 1.1 %

GTLS traded up $1.70 during midday trading on Friday, hitting $161.27. 367,975 shares of the company’s stock traded hands, compared to its average volume of 557,010. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. The company has a market cap of $6.90 billion, a PE ratio of 161.27, a price-to-earnings-growth ratio of 0.46 and a beta of 1.74. The stock’s fifty day simple moving average is $150.13 and its 200-day simple moving average is $144.69. Chart Industries, Inc. has a one year low of $109.48 and a one year high of $184.65.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). The business had revenue of $950.70 million for the quarter, compared to the consensus estimate of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. As a group, equities analysts anticipate that Chart Industries, Inc. will post 11.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of several analyst reports. Morgan Stanley began coverage on shares of Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price on the stock. Piper Sandler lifted their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Bank of America increased their target price on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 15th. TD Cowen lifted their price target on Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Barclays assumed coverage on Chart Industries in a research note on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.77.

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.