Alpine Woods Capital Investors LLC Cuts Stock Position in Chart Industries, Inc. $GTLS

Alpine Woods Capital Investors LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,598 shares of the industrial products company’s stock after selling 632 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Chart Industries were worth $2,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. increased its holdings in Chart Industries by 6.3% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 8,715 shares of the industrial products company’s stock worth $1,435,000 after acquiring an additional 515 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Chart Industries by 4.9% in the 2nd quarter. Yousif Capital Management LLC now owns 15,213 shares of the industrial products company’s stock worth $2,505,000 after acquiring an additional 707 shares in the last quarter. CWM LLC increased its holdings in Chart Industries by 89.2% in the 2nd quarter. CWM LLC now owns 1,922 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 906 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Chart Industries in the 2nd quarter worth $54,000. Finally, Eastern Bank increased its holdings in Chart Industries by 5.1% in the 2nd quarter. Eastern Bank now owns 92,634 shares of the industrial products company’s stock worth $15,252,000 after acquiring an additional 4,487 shares in the last quarter.

Chart Industries Price Performance

Chart Industries stock opened at $200.07 on Tuesday. The company has a fifty day simple moving average of $199.27 and a 200-day simple moving average of $169.64. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 1.16 and a beta of 1.71. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. BTIG Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Hsbc Global Res raised shares of Chart Industries to a “hold” rating in a report on Wednesday, July 30th. Raymond James Financial reaffirmed a “market perform” rating on shares of Chart Industries in a report on Wednesday, July 30th. Cowen lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, UBS Group reaffirmed a “neutral” rating and set a $210.00 target price (down previously from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $204.85.

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.