Chart Industries, Inc. $GTLS Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 62.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161 shares of the industrial products company’s stock after selling 265 shares during the period. Financial Management Professionals Inc.’s holdings in Chart Industries were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Global X Japan Co. Ltd. increased its holdings in shares of Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Chart Industries in the first quarter valued at approximately $25,000. Brooklyn Investment Group raised its holdings in Chart Industries by 19,900.0% during the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in shares of Chart Industries in the 2nd quarter valued at $33,000. Finally, SVB Wealth LLC purchased a new position in shares of Chart Industries in the 1st quarter valued at $30,000.

Chart Industries Trading Up 0.3%

Shares of Chart Industries stock opened at $200.14 on Friday. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The company’s 50-day simple moving average is $194.99 and its 200-day simple moving average is $165.46. 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 (NYSE:GTLS) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GTLS shares. Seaport Res Ptn cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. UBS Group restated a “neutral” rating and set a $210.00 target price (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Hsbc Global Res upgraded shares of Chart Industries to a “hold” rating in a research report on Wednesday, July 30th. TD Cowen cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Raymond James Financial restated a “market perform” rating on shares of Chart Industries in a research note on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $202.00.

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.