Peregrine Capital Management LLC Lowers Stake in Chart Industries, Inc. $GTLS

Peregrine Capital Management LLC lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 92.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,326 shares of the industrial products company’s stock after selling 72,936 shares during the period. Peregrine Capital Management LLC’s holdings in Chart Industries were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after buying an additional 93 shares during the period. Brooklyn Investment Group lifted its holdings in Chart Industries by 19,900.0% during the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares during the period. Toth Financial Advisory Corp purchased a new stake in Chart Industries during the second quarter worth $33,000. SVB Wealth LLC purchased a new stake in Chart Industries during the first quarter worth $30,000. Finally, Atticus Wealth Management LLC purchased a new stake in Chart Industries during the second quarter worth $34,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $199.62 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $199.53 and its 200-day simple moving average is $175.12. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03. The company has a market cap of $8.97 billion, a PE ratio of 37.10, a PEG ratio of 1.15 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.11 billion. Analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GTLS shares. Citigroup lowered Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Craig Hallum downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. BTIG Research downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chart Industries in a research report on Wednesday, October 8th. Finally, Cowen downgraded Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.