Chart Industries, Inc. $GTLS Position Lessened by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 38.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,229 shares of the industrial products company’s stock after selling 27,403 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Chart Industries worth $7,282,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in shares of Chart Industries by 4.7% during the second quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 63 shares during the period. Allworth Financial LP increased its holdings in shares of Chart Industries by 74.5% in the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Itau Unibanco Holding S.A. lifted its position in Chart Industries by 14.1% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 641 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 79 shares during the last quarter. Bessemer Group Inc. lifted its position in Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 93 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in Chart Industries by 4.2% during the 2nd quarter. Harbour Investments Inc. now owns 2,454 shares of the industrial products company’s stock valued at $404,000 after purchasing an additional 100 shares during the period.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $203.38 on Friday. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 248.03, a PEG ratio of 1.15 and a beta of 1.78. 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 12 month low of $104.60 and a 12 month high of $220.03. The stock’s 50 day moving average price is $200.51 and its 200 day moving average price is $183.06.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business posted $2.18 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on GTLS. Craig Hallum lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday. BTIG Research cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a research report on Wednesday, July 30th. Finally, Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $205.08.

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.