Philadelphia Trust Co. Purchases 25,000 Shares of Chart Industries, Inc. $GTLS

Philadelphia Trust Co. lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 100.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the industrial products company’s stock after purchasing an additional 25,000 shares during the quarter. Philadelphia Trust Co.’s holdings in Chart Industries were worth $8,233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. Perpetual Ltd bought a new position in Chart Industries in the second quarter worth $107,498,000. Norges Bank bought a new stake in shares of Chart Industries during the 2nd quarter valued at $92,901,000. Gates Capital Management Inc. grew its position in shares of Chart Industries by 61.5% in the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock worth $112,115,000 after buying an additional 295,738 shares during the period. Loomis Sayles & Co. L P increased its stake in shares of Chart Industries by 269.1% in the 2nd quarter. Loomis Sayles & Co. L P now owns 313,386 shares of the industrial products company’s stock worth $51,599,000 after acquiring an additional 228,479 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Chart Industries by 2,320.3% during the 2nd quarter. Bank of Montreal Can now owns 170,683 shares of the industrial products company’s stock valued at $28,103,000 after acquiring an additional 163,631 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently commented on GTLS. Citigroup lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. lifted their target price on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Monday. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries presently has an average rating of “Hold” and an average price target of $206.33.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $205.00 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The company has a market cap of $9.21 billion, a PE ratio of 250.00, a PEG ratio of 1.29 and a beta of 1.76. The firm’s 50-day moving average price is $201.30 and its 200-day moving average price is $185.75.

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 analysts’ consensus estimates of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm posted $2.18 earnings per share. Chart Industries’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.