Brasada Capital Management LP Sells 6,812 Shares of Chart Industries, Inc. (NYSE:GTLS)

Brasada Capital Management LP reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 40.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the industrial products company’s stock after selling 6,812 shares during the quarter. Brasada Capital Management LP’s holdings in Chart Industries were worth $1,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GTLS. SIR Capital Management L.P. raised its stake in shares of Chart Industries by 74.7% during the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock worth $14,050,000 after purchasing an additional 41,626 shares during the period. Texas Permanent School Fund Corp increased its holdings in Chart Industries by 2.9% during the second quarter. Texas Permanent School Fund Corp now owns 37,789 shares of the industrial products company’s stock worth $5,454,000 after buying an additional 1,070 shares during the last quarter. Choreo LLC bought a new stake in Chart Industries in the second quarter worth about $538,000. Caprock Group LLC raised its position in Chart Industries by 8.8% in the second quarter. Caprock Group LLC now owns 1,600 shares of the industrial products company’s stock worth $231,000 after acquiring an additional 130 shares during the period. Finally, Los Angeles Capital Management LLC boosted its stake in Chart Industries by 17.2% in the second quarter. Los Angeles Capital Management LLC now owns 4,156 shares of the industrial products company’s stock valued at $600,000 after acquiring an additional 610 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GTLS. Bank of America raised their price target on shares of Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. The Goldman Sachs Group decreased their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Barclays dropped their price target on 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 decreased their price objective on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $199.00 price objective on shares of Chart Industries in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.46.

Chart Industries Stock Down 3.1 %

GTLS stock opened at $106.67 on Wednesday. The stock has a 50-day simple moving average of $134.01 and a two-hundred day simple moving average of $144.37. Chart Industries, Inc. has a twelve month low of $104.33 and a twelve month high of $179.43. The firm has a market capitalization of $4.57 billion, a PE ratio of 106.67, a PEG ratio of 0.35 and a beta of 1.70. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm posted $1.19 EPS. Chart Industries’s revenue was up 14.5% on a year-over-year basis. On average, equities analysts predict that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.95% of the company’s stock.

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.