Gargoyle Investment Advisor L.L.C. cut its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,984 shares of the industrial products company’s stock after selling 800 shares during the period. Gargoyle Investment Advisor L.L.C.’s holdings in Chart Industries were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. First Trust Advisors LP acquired a new stake in shares of Chart Industries during the second quarter worth $1,128,000. Granite Investment Partners LLC raised its stake in shares of Chart Industries by 2.4% in the second quarter. Granite Investment Partners LLC now owns 270,262 shares of the industrial products company’s stock worth $9,386,000 after buying an additional 6,248 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Chart Industries by 3.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 223,179 shares of the industrial products company’s stock worth $7,752,000 after buying an additional 6,892 shares during the period. Algert Global LLC acquired a new stake in shares of Chart Industries during the second quarter worth $2,305,000. Finally, TD Asset Management Inc. raised its stake in shares of Chart Industries by 23.0% in the second quarter. TD Asset Management Inc. now owns 42,200 shares of the industrial products company’s stock worth $1,466,000 after buying an additional 7,900 shares during the period. Institutional investors own 85.98% of the company’s stock.

Shares of Chart Industries, Inc. (NASDAQ:GTLS) opened at 33.91 on Tuesday. The company has a 50-day moving average price of $34.64 and a 200-day moving average price of $35.47. Chart Industries, Inc. has a 12 month low of $27.01 and a 12 month high of $40.87. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 89.47 and a beta of 1.28.

Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $238.21 million during the quarter, compared to the consensus estimate of $225.76 million. Chart Industries had a return on equity of 3.28% and a net margin of 1.35%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. Equities analysts forecast that Chart Industries, Inc. will post $0.77 EPS for the current fiscal year.

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A number of analysts have recently weighed in on the company. Cowen and Company set a $38.00 target price on Chart Industries and gave the company a “hold” rating in a research note on Friday, August 4th. BidaskClub upgraded Chart Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded Chart Industries from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Johnson Rice upgraded Chart Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $40.00 to $42.00 in a research note on Thursday, June 29th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Chart Industries presently has an average rating of “Hold” and a consensus price target of $40.43.

About Chart Industries

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

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Institutional Ownership by Quarter for Chart Industries (NASDAQ:GTLS)

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