Chart Industries, Inc. $GTLS Position Trimmed by Keybank National Association OH

Keybank National Association OH decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 312,538 shares of the industrial products company’s stock after selling 22,381 shares during the period. Keybank National Association OH owned about 0.70% of Chart Industries worth $51,459,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc increased its stake in Chart Industries by 4.7% during the second quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 63 shares during the last quarter. Xponance Inc. increased its stake in Chart Industries by 1.4% during the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company’s stock valued at $883,000 after purchasing an additional 85 shares during the last quarter. Bessemer Group Inc. grew its position 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 worth $32,000 after acquiring an additional 93 shares during the last quarter. State of Michigan Retirement System grew its position in shares of Chart Industries by 1.0% during the first quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,458,000 after acquiring an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Chart Industries by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company’s stock worth $1,703,000 after acquiring an additional 100 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GTLS. Citigroup lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Raymond James Financial restated a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. Lake Street Capital lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target for the company. in a research report on Wednesday, July 30th. UBS Group restated a “neutral” rating and set a $210.00 price target (down previously from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Finally, Cowen lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Hold” and a consensus price target of $205.21.

Chart Industries Stock Performance

Shares of GTLS opened at $199.74 on Thursday. The firm has a 50-day moving average price of $199.55 and a 200 day moving average price of $175.64. The firm has a market capitalization of $8.98 billion, a PE ratio of 37.13, a P/E/G ratio of 1.15 and a beta of 1.71. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03.

Chart Industries (NYSE:GTLS) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.18 EPS. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 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.