Squarepoint Ops LLC Sells 38,835 Shares of Chart Industries, Inc. (NYSE:GTLS)

Squarepoint Ops LLC lessened its holdings in Chart Industries, Inc. (NYSE:GTLS) by 50.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,900 shares of the industrial products company’s stock after selling 38,835 shares during the period. Squarepoint Ops LLC owned 0.09% of Chart Industries worth $5,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Capital World Investors raised its position in shares of Chart Industries by 0.4% in the fourth quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock valued at $679,814,000 after purchasing an additional 17,450 shares during the period. Vanguard Group Inc. lifted its position 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 worth $693,243,000 after acquiring an additional 45,137 shares during the last quarter. Bamco Inc. NY lifted its position in Chart Industries by 2.2% during the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after acquiring an additional 25,000 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Chart Industries by 6.3% during the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after acquiring an additional 59,322 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Chart Industries by 10.7% in the second quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after purchasing an additional 74,519 shares during the last quarter.

Chart Industries Stock Performance

NYSE GTLS opened at $125.70 on Monday. The firm’s 50 day simple moving average is $125.80 and its 200 day simple moving average is $142.38. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 125.70, a P/E/G ratio of 0.39 and a beta of 1.70. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $173.65.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. Chart Industries’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. As a group, research analysts expect that Chart Industries, Inc. will post 10.72 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Paul E. Mahoney bought 500 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction dated Monday, September 16th. The stock was bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul E. Mahoney acquired 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares in the company, valued at $224,500.85. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 7,152 shares of company stock worth $482,278. Corporate insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GTLS. Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Bank of America boosted their target price on shares of Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Barclays lowered their price target on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Craig Hallum dropped their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, Wells Fargo & Company decreased their target price on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and an average target price of $180.45.

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.