Chart Industries, Inc. $GTLS Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its holdings in Chart Industries, Inc. (NYSE:GTLS) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 885,306 shares of the industrial products company’s stock after selling 65,897 shares during the quarter. Bamco Inc. NY’s holdings in Chart Industries were worth $145,766,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Allworth Financial LP increased its holdings in shares of Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Chart Industries by 19,900.0% in the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 199 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Chart Industries during the first quarter worth $30,000. Bessemer Group Inc. lifted its holdings in shares of Chart Industries by 93.0% during 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 acquired a new position in shares of Chart Industries in the 2nd quarter valued at $33,000.

Analysts Set New Price Targets

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

Chart Industries Trading Up 0.2%

Shares of NYSE GTLS opened at $205.99 on Friday. The business has a 50 day simple moving average of $202.02 and a 200 day simple moving average of $187.70. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 251.22, a PEG ratio of 1.30 and a beta of 1.76. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $2.18 EPS. On average, research analysts predict 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.