Hudson Valley Investment Advisors Inc. ADV Sells 2,163 Shares of Chart Industries, Inc. $GTLS

Hudson Valley Investment Advisors Inc. ADV lessened its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,055 shares of the industrial products company’s stock after selling 2,163 shares during the period. Chart Industries makes up about 1.0% of Hudson Valley Investment Advisors Inc. ADV’s portfolio, making the stock its 28th largest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in Chart Industries were worth $9,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company’s stock worth $168,853,000 after acquiring an additional 105,027 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Chart Industries by 1.4% during the 1st quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company’s stock worth $141,427,000 after acquiring an additional 13,484 shares during the period. Gates Capital Management Inc. lifted its holdings in shares of Chart Industries by 61.5% during the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock worth $112,115,000 after acquiring an additional 295,738 shares during the period. Perpetual Ltd bought a new stake in shares of Chart Industries during the 2nd quarter worth approximately $107,498,000. Finally, Charles Schwab Investment Management Inc. increased its position in Chart Industries by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 536,423 shares of the industrial products company’s stock worth $77,438,000 after purchasing an additional 18,338 shares in the last quarter.

Chart Industries Trading Up 0.0%

Shares of NYSE GTLS opened at $200.59 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. 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 price of $198.58 and a two-hundred day moving average price of $167.63. The stock has a market cap of $9.02 billion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last announced its quarterly 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 business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Seaport Res Ptn cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Lake Street Capital cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective for the company. in a research report on Wednesday, July 30th. Hsbc Global Res upgraded shares of Chart Industries to a “hold” rating in a research report on Wednesday, July 30th. Craig Hallum cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, TD Cowen cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, Chart Industries currently has an average rating of “Hold” and a consensus price target of $202.00.

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.