KBC Group NV Sells 516 Shares of Chart Industries, Inc. $GTLS

KBC Group NV trimmed its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 29.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,233 shares of the industrial products company’s stock after selling 516 shares during the period. KBC Group NV’s holdings in Chart Industries were worth $203,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP boosted its position in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares during the period. Brooklyn Investment Group boosted its stake in shares of Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 199 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in Chart Industries during the second quarter valued at $33,000. Finally, SVB Wealth LLC purchased a new position in shares of Chart Industries during the 1st quarter valued at about $30,000.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $203.64 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 248.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.78. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. The firm has a 50 day moving average of $200.35 and a 200 day moving average of $182.77.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Seaport Res Ptn downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. BTIG Research cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, TD Cowen downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chart Industries currently has a consensus rating of “Hold” and a consensus price target of $205.08.

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.