Texas Yale Capital Corp. Lowers Position in Chart Industries, Inc. $GTLS

Texas Yale Capital Corp. trimmed its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 37.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,400 shares of the industrial products company’s stock after selling 3,200 shares during the quarter. Texas Yale Capital Corp.’s holdings in Chart Industries were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Perpetual Ltd bought a new position in shares of Chart Industries during the second quarter valued at about $107,498,000. Gates Capital Management Inc. increased its stake in Chart Industries by 61.5% in the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock valued at $112,115,000 after buying an additional 295,738 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Chart Industries by 101.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company’s stock worth $54,095,000 after buying an additional 188,477 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Chart Industries by 2,320.3% during the 2nd quarter. Bank of Montreal Can now owns 170,683 shares of the industrial products company’s stock worth $28,103,000 after buying an additional 163,631 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of Chart Industries by 77.7% in the 1st quarter. Driehaus Capital Management LLC now owns 340,198 shares of the industrial products company’s stock worth $49,111,000 after buying an additional 148,703 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on GTLS shares. Craig Hallum lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Citigroup downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Hsbc Global Res raised shares of Chart Industries 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 fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $205.08.

Chart Industries Trading Up 0.7%

Shares of Chart Industries stock opened at $200.67 on Friday. The stock has a market capitalization of $9.02 billion, a P/E ratio of 244.72, a P/E/G 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 company has a debt-to-equity ratio of 1.08, a quick ratio of 1.27 and a current ratio of 1.40. The stock’s 50-day simple moving average is $199.76 and its 200 day simple moving average is $178.90.

Chart Industries (NYSE:GTLS) last issued its earnings results 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). Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business earned $2.18 EPS. Chart Industries’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Chart Industries Company 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.