Chung Wu Investment Group LLC Reduces Stock Holdings in Chart Industries, Inc. $GTLS

Chung Wu Investment Group LLC decreased its stake in Chart Industries, Inc. (NYSE:GTLS) by 84.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 220 shares of the industrial products company’s stock after selling 1,180 shares during the quarter. Chung Wu Investment Group LLC’s holdings in Chart Industries were worth $36,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Woodmont Investment Counsel LLC boosted its holdings in shares of Chart Industries by 11.0% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 21,426 shares of the industrial products company’s stock worth $3,528,000 after purchasing an additional 2,116 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Chart Industries by 5.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,211 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 226 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Chart Industries by 3.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 14,071 shares of the industrial products company’s stock worth $2,317,000 after purchasing an additional 434 shares during the period. Bourgeon Capital Management LLC purchased a new position in shares of Chart Industries in the 2nd quarter worth approximately $3,712,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Chart Industries by 6.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 43,325 shares of the industrial products company’s stock worth $7,134,000 after purchasing an additional 2,508 shares during the period.

Chart Industries Trading Down 0.3%

Shares of NYSE GTLS opened at $199.97 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $199.15 and a two-hundred day simple moving average of $168.12. The firm has a market cap of $8.99 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.03). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

GTLS has been the subject of a number of recent research reports. TD Cowen cut Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Barclays dropped their price objective on Chart Industries from $171.00 to $169.00 and set an “equal weight” rating for the company in a report on Thursday, July 10th. Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Seaport Res Ptn cut Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Chart Industries has a consensus rating of “Hold” and an average price target of $202.00.

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.