TimesSquare Capital Management LLC Takes $22.06 Million Position in Chart Industries, Inc. $GTLS

TimesSquare Capital Management LLC acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 134,006 shares of the industrial products company’s stock, valued at approximately $22,064,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Verus Capital Partners LLC grew its stake in shares of Chart Industries by 42.6% during the 2nd quarter. Verus Capital Partners LLC now owns 4,906 shares of the industrial products company’s stock valued at $808,000 after buying an additional 1,466 shares during the period. Davidson Capital Management Inc. raised its holdings in shares of Chart Industries by 34.5% in the 2nd quarter. Davidson Capital Management Inc. now owns 21,781 shares of the industrial products company’s stock worth $3,586,000 after purchasing an additional 5,581 shares during the period. Boston Partners acquired a new position in shares of Chart Industries in the 2nd quarter valued at about $1,442,000. Allworth Financial LP grew its holdings in shares of Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Chart Industries by 1.6% in the second quarter. ProShare Advisors LLC now owns 11,273 shares of the industrial products company’s stock worth $1,856,000 after acquiring an additional 174 shares in the last quarter.

Chart Industries Trading Down 0.0%

Chart Industries stock opened at $203.34 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.27 and a current ratio of 1.40. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03. The firm’s 50-day moving average is $200.01 and its 200-day moving average is $180.79. The company has a market cap of $9.14 billion, a P/E ratio of 247.98, 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 (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.18 EPS. On average, equities analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on GTLS. Weiss Ratings downgraded Chart Industries from a “hold (c+)” rating to a “sell (d+)” rating in a report on Friday, November 7th. Lake Street Capital lowered shares of 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. Hsbc Global Res upgraded Chart Industries to a “hold” rating in a research note on Wednesday, July 30th. Craig Hallum downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Finally, Johnson Rice downgraded 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. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $205.08.

Chart Industries 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.