Chart Industries, Inc. (NYSE:GTLS) Stock Position Lowered by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning lessened its position in Chart Industries, Inc. (NYSE:GTLS) by 34.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,051 shares of the industrial products company’s stock after selling 545 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Chart Industries were worth $173,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Chart Industries by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock valued at $268,088,000 after acquiring an additional 101,404 shares in the last quarter. 1492 Capital Management LLC purchased a new stake in Chart Industries in the 4th quarter worth approximately $1,509,000. Vontobel Holding Ltd. lifted its position in Chart Industries by 10.4% in the 4th quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock worth $19,055,000 after buying an additional 13,155 shares in the last quarter. GW&K Investment Management LLC lifted its position in Chart Industries by 13.0% in the 4th quarter. GW&K Investment Management LLC now owns 393,223 shares of the industrial products company’s stock worth $53,608,000 after buying an additional 45,215 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its position in Chart Industries by 21.6% in the 4th quarter. Greenwood Capital Associates LLC now owns 84,962 shares of the industrial products company’s stock worth $11,583,000 after buying an additional 15,078 shares in the last quarter.

Chart Industries Stock Performance

NYSE:GTLS opened at $145.11 on Thursday. Chart Industries, Inc. has a 1 year low of $109.48 and a 1 year high of $184.65. The firm’s fifty day simple moving average is $149.23 and its 200 day simple moving average is $142.23. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $6.21 billion, a PE ratio of 145.11, a PEG ratio of 0.40 and a beta of 1.74.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The firm had revenue of $950.70 million during the quarter, compared to analyst estimates of $970.91 million. During the same quarter in the previous year, the business posted $1.41 earnings per share. The business’s quarterly revenue was up 76.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 11.94 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen increased their target price on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Morgan Stanley assumed 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 for the company. Barclays assumed coverage on shares of Chart Industries in a research report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 target price for the company. Finally, Stifel Nicolaus cut their price target on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $197.92.

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.