Axa S.A. Lowers Stake in Chart Industries, Inc. $GTLS

Axa S.A. decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 18.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 147,663 shares of the industrial products company’s stock after selling 33,321 shares during the quarter. Axa S.A.’s holdings in Chart Industries were worth $24,313,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GTLS. Allworth Financial LP raised its holdings in Chart Industries by 74.5% in the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 70 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 199 shares during the period. SVB Wealth LLC purchased a new stake in shares of Chart Industries in the first quarter valued at $30,000. Bessemer Group Inc. increased its stake in Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 93 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in Chart Industries during the second quarter worth about $33,000.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Monday. Citigroup downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Hold” and a consensus target price of $206.33.

Chart Industries Stock Performance

NYSE:GTLS opened at $205.55 on Thursday. The firm’s fifty day simple moving average is $201.81 and its 200 day simple moving average is $187.24. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 250.68, a PEG ratio of 1.29 and a beta of 1.76.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data 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 company 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 company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $2.18 earnings per share. As a group, equities research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal 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.