Forum Financial Management LP Buys 119 Shares of Chart Industries, Inc. $GTLS

Forum Financial Management LP increased its stake in Chart Industries, Inc. (NYSE:GTLS) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,794 shares of the industrial products company’s stock after purchasing an additional 119 shares during the period. Forum Financial Management LP’s holdings in Chart Industries were worth $295,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. OneDigital Investment Advisors LLC increased its position in shares of Chart Industries by 13.2% in the first quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 236 shares during the period. GAMMA Investing LLC grew its position in Chart Industries by 118.6% in the first quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 689 shares during the last quarter. Bank of New York Mellon Corp grew its position in Chart Industries by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company’s stock valued at $44,602,000 after acquiring an additional 6,681 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Chart Industries by 7.4% in the first quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company’s stock valued at $8,318,000 after acquiring an additional 3,948 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Chart Industries by 5.7% in the second quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock valued at $317,248,000 after acquiring an additional 102,226 shares during the last quarter.

Chart Industries Stock Performance

Shares of GTLS stock opened at $199.53 on Monday. The business’s 50-day moving average price is $199.47 and its 200-day moving average price is $174.10. 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 $8.97 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 1.15 and a beta of 1.71. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04.

Chart Industries (NYSE:GTLS) last announced its quarterly 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). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on GTLS shares. Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Seaport Res Ptn cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Cowen cut Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Barclays decreased their target price on Chart Industries from $171.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $204.85.

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.