Y Intercept Hong Kong Ltd Raises Stake in Chart Industries, Inc. $GTLS

Y Intercept Hong Kong Ltd boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 126.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 12,968 shares of the industrial products company’s stock after purchasing an additional 7,247 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Chart Industries were worth $2,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its position in Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock valued at $29,000 after buying an additional 199 shares during the last quarter. SVB Wealth LLC acquired a new position in Chart Industries in the first quarter valued at approximately $30,000. Bessemer Group Inc. lifted its holdings in Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 93 shares during the period. Toth Financial Advisory Corp acquired a new position in Chart Industries in the second quarter valued at approximately $33,000. Finally, Atticus Wealth Management LLC acquired a new position in Chart Industries in the second quarter valued at approximately $34,000.

Chart Industries Trading Up 0.2%

Shares of GTLS stock opened at $199.69 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.27. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 243.52, a PEG ratio of 1.15 and a beta of 1.71. The stock has a 50 day simple moving average of $199.63 and a 200-day simple moving average of $176.32. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year 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 for the quarter, missing the consensus estimate of $3.02 by ($0.24). The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.18 earnings per share. On average, equities research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Chart Industries in a report on Wednesday, October 8th. BTIG Research downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Cowen downgraded Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Seaport Res Ptn downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Chart Industries in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Hold” and a consensus target price of $205.21.

About Chart Industries

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.