Blume Capital Management Inc. Raises Stock Holdings in Chart Industries, Inc. $GTLS

Blume Capital Management Inc. lifted its stake in Chart Industries, Inc. (NYSE:GTLS) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,097 shares of the industrial products company’s stock after buying an additional 290 shares during the quarter. Blume Capital Management Inc.’s holdings in Chart Industries were worth $2,980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GTLS. Brooklyn Investment Group increased its holdings in Chart Industries by 19,900.0% in 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 in the last quarter. SVB Wealth LLC purchased a new stake in shares of Chart Industries in the first quarter worth $30,000. Toth Financial Advisory Corp bought a new stake in shares of Chart Industries during the 2nd quarter valued at $33,000. Atticus Wealth Management LLC purchased a new position in shares of Chart Industries during the 2nd quarter valued at $34,000. Finally, Hughes Financial Services LLC bought a new position in Chart Industries in the 1st quarter worth $44,000.

Chart Industries Stock Down 0.0%

Shares of NYSE GTLS opened at $199.66 on Wednesday. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03. The firm has a 50-day simple moving average of $199.40 and a two-hundred day simple moving average of $172.06. The company has a market cap of $8.97 billion, a P/E ratio of 37.11, a PEG ratio of 1.15 and a beta of 1.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GTLS. Lake Street Capital downgraded Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price on the stock. in a research note on Wednesday, July 30th. Seaport Res Ptn downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Hsbc Global Res raised Chart Industries to a “hold” rating in a research note on Wednesday, July 30th. BTIG Research lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $204.85.

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.