KLP Kapitalforvaltning AS Boosts Stock Holdings in Chart Industries, Inc. $GTLS

KLP Kapitalforvaltning AS boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,200 shares of the industrial products company’s stock after purchasing an additional 800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Chart Industries were worth $3,161,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GTLS. Perpetual Ltd purchased a new position in Chart Industries in the second quarter valued at approximately $107,498,000. Gates Capital Management Inc. lifted its stake 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 valued at $112,115,000 after purchasing an additional 295,738 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in Chart Industries by 101.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company’s stock valued at $54,095,000 after acquiring an additional 188,477 shares during the period. Driehaus Capital Management LLC raised its holdings in Chart Industries by 77.7% during the 1st quarter. Driehaus Capital Management LLC now owns 340,198 shares of the industrial products company’s stock valued at $49,111,000 after acquiring an additional 148,703 shares during the period. Finally, Engaged Capital LLC raised its holdings in Chart Industries by 64.1% during the 1st quarter. Engaged Capital LLC now owns 368,996 shares of the industrial products company’s stock valued at $53,268,000 after acquiring an additional 144,200 shares during the period.

Chart Industries Trading Down 0.2%

Chart Industries stock opened at $199.82 on Friday. The stock has a market cap of $8.98 billion, a P/E ratio of 37.14, a PEG ratio of 1.16 and a beta of 1.71. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $220.03. The firm’s fifty day moving average price is $199.24 and its 200-day moving average price is $169.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55.

Chart Industries (NYSE:GTLS) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.03). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GTLS. Cowen cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Hsbc Global Res raised shares of Chart Industries to a “hold” rating in a report on Wednesday, July 30th. BTIG Research cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Barclays lowered their target price on shares of Chart Industries from $171.00 to $169.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Finally, Citigroup cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $202.00.

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.