Gilder Gagnon Howe & Co. LLC Reduces Stock Position in Chart Industries, Inc. $GTLS

Gilder Gagnon Howe & Co. LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 34.9% in the second quarter, HoldingsChannel reports. The firm owned 183,321 shares of the industrial products company’s stock after selling 98,116 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Chart Industries were worth $30,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GTLS. Nordea Investment Management AB boosted its stake in shares of Chart Industries by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after buying an additional 102,226 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Chart Industries by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company’s stock valued at $168,853,000 after acquiring an additional 105,027 shares during the period. Geode Capital Management LLC boosted its position in Chart Industries by 6.4% in the second quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company’s stock worth $178,804,000 after purchasing an additional 65,078 shares during the last quarter. Gates Capital Management Inc. boosted its position in Chart Industries by 61.5% in the first quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock worth $112,115,000 after purchasing an additional 295,738 shares during the last quarter. Finally, Perpetual Ltd bought a new stake in shares of Chart Industries during the 2nd quarter valued at about $107,498,000.

Chart Industries Trading Up 0.2%

Chart Industries stock opened at $205.99 on Friday. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 251.22, a P/E/G ratio of 1.30 and a beta of 1.76. The firm has a 50 day moving average of $202.02 and a 200 day moving average of $187.70. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08.

Chart Industries (NYSE:GTLS) last issued its quarterly 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. Chart Industries’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 EPS. As a group, research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.