Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 50.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 17,357 shares of the industrial products company’s stock after selling 17,530 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Chart Industries were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. First Manhattan CO. LLC. lifted its position in Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 54 shares during the period. Assetmark Inc. raised its stake in shares of Chart Industries by 3.0% in the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 64 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 69 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after buying an additional 92 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GTLS. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Morgan Stanley cut their price objective on shares of Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Wells Fargo & Company reduced their target price on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. Citigroup upped their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus cut their price target on Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $200.00.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $146.46 on Thursday. The company has a market capitalization of $6.69 billion, a PE ratio of 42.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.71. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The company’s fifty day moving average price is $145.86 and its 200 day moving average price is $171.57. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $1.49 EPS. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.