Boston Partners Acquires New Holdings in Chart Industries, Inc. $GTLS

Boston Partners acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the second quarter, Holdings Channel reports. The firm acquired 8,756 shares of the industrial products company’s stock, valued at approximately $1,442,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GTLS. Allworth Financial LP grew its holdings in Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Bessemer Group Inc. increased its stake in shares of Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in Chart Industries in the second quarter valued at $33,000. Finally, SVB Wealth LLC acquired a new position in Chart Industries in the first quarter valued at about $30,000.

Chart Industries Price Performance

Shares of GTLS opened at $203.51 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.27 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. The stock has a 50 day moving average of $200.18 and a 200-day moving average of $181.75. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 248.18, a PEG ratio of 1.15 and a beta of 1.78.

Chart Industries (NYSE:GTLS) last issued its earnings results 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.Chart Industries’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.18 earnings per share. As a group, analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on GTLS. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Thursday. Lake Street Capital downgraded Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price for the company. in a report on Wednesday, July 30th. TD Cowen lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Johnson Rice lowered Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a report on Wednesday, July 30th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Chart Industries in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $205.08.

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.