SCP Investment LP Decreases Holdings in Chart Industries, Inc. $GTLS

SCP Investment LP decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 45.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,800 shares of the industrial products company’s stock after selling 1,500 shares during the quarter. SCP Investment LP’s holdings in Chart Industries were worth $296,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GTLS. Allworth Financial LP boosted its stake in Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 70 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Chart Industries by 93.0% during 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 lifted its stake in Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock valued at $29,000 after buying an additional 199 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in shares of Chart Industries during the second quarter valued at $33,000. Finally, SVB Wealth LLC bought a new position in shares of Chart Industries during the first quarter worth about $30,000.

Chart Industries Stock Up 0.0%

GTLS opened at $203.93 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.27. The company has a market capitalization of $9.17 billion, a PE ratio of 248.70, a price-to-earnings-growth ratio of 1.15 and a beta of 1.78. The business has a 50-day moving average of $200.84 and a 200-day moving average of $184.63. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company posted $2.18 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of analyst reports. BTIG Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Cowen lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. TD Cowen lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Raymond James Financial reaffirmed a “market perform” rating on shares of Chart Industries in a report on Wednesday, July 30th. Finally, Citigroup lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Three research 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 presently has an average rating of “Hold” and an average 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.