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

Capital Group Investment Management PTE. LTD. trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 40.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in Chart Industries in the 1st quarter worth about $30,000. Spire Wealth Management raised its stake in shares of Chart Industries by 141.0% during the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after buying an additional 117 shares during the period. Rise Advisors LLC grew its stake in Chart Industries by 905.0% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 181 shares during the period. Cape Investment Advisory Inc. purchased a new stake in Chart Industries in the 4th quarter worth $33,000. Finally, Covestor Ltd raised its position in Chart Industries by 509.8% during the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 311 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target for the company. 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. Stifel Nicolaus lowered their price target on Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Barclays began coverage on Chart Industries in a research report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.77.

Chart Industries Stock Up 1.1 %

Shares of GTLS stock traded up $1.70 on Friday, reaching $161.27. 367,975 shares of the stock were exchanged, compared to its average volume of 557,010. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 161.27, a PEG ratio of 0.46 and a beta of 1.74. The business’s 50 day moving average price is $150.13 and its 200 day moving average price is $144.69. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. Chart Industries, Inc. has a twelve month low of $109.48 and a twelve month high of $184.65.

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

Chart Industries Company 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.