Nisa Investment Advisors LLC Trims Stock Holdings in Chart Industries, Inc. $GTLS

Nisa Investment Advisors LLC trimmed its position in Chart Industries, Inc. (NYSE:GTLS) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,161 shares of the industrial products company’s stock after selling 102 shares during the period. Nisa Investment Advisors LLC’s holdings in Chart Industries were worth $1,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares during the period. Toth Financial Advisory Corp bought a new stake in Chart Industries during the second quarter worth about $33,000. SVB Wealth LLC bought a new stake in Chart Industries during the first quarter worth about $30,000. Atticus Wealth Management LLC bought a new stake in Chart Industries during the second quarter worth about $34,000. Finally, Hughes Financial Services LLC bought a new stake in Chart Industries during the first quarter worth about $44,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Raymond James Financial reissued a “market perform” rating on shares of Chart Industries in a research note on Wednesday, July 30th. Seaport Res Ptn cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Barclays cut their target price on Chart Industries from $171.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Chart Industries in a research note on Wednesday, October 8th. Finally, Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, Chart Industries presently has an average rating of “Hold” and an average price target of $205.21.

Chart Industries Trading Down 0.1%

Chart Industries stock opened at $199.54 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.27. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $220.03. The stock has a market capitalization of $8.97 billion, a PE ratio of 243.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.71. The business’s fifty day moving average is $199.59 and its 200 day moving average is $175.81.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $2.18 EPS. On average, sell-side analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.