MainStreet Investment Advisors LLC Increases Stake in Chart Industries, Inc. $GTLS

MainStreet Investment Advisors LLC raised its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 32.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,030 shares of the industrial products company’s stock after purchasing an additional 740 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Chart Industries were worth $499,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP lifted its stake 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 valued at $27,000 after buying an additional 70 shares in the last quarter. Brooklyn Investment Group raised its holdings in Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 199 shares during the period. SVB Wealth LLC purchased a new stake in shares of Chart Industries during the first quarter worth $30,000. Bessemer Group Inc. boosted its holdings in shares of Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares during the period. Finally, Toth Financial Advisory Corp purchased a new position in shares of Chart Industries in the second quarter valued at $33,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Lake Street Capital lowered Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price for the company. in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Thursday. TD Cowen lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Raymond James Financial restated a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. Finally, Johnson Rice downgraded Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target for the company. in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chart Industries currently has a consensus rating of “Hold” and an average price target of $205.08.

Chart Industries Price Performance

GTLS opened at $203.59 on Tuesday. The stock has a market capitalization of $9.15 billion, a P/E ratio of 248.29, a PEG ratio of 1.15 and a beta of 1.78. The company has a current ratio of 1.40, a quick ratio of 1.27 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03. The stock has a 50-day moving average price of $200.26 and a 200-day moving average price of $182.44.

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 the consensus estimate of $3.02 by ($0.24). The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.18 EPS. Equities analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.