Chart Industries, Inc. $GTLS Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,454 shares of the industrial products company’s stock after buying an additional 100 shares during the quarter. Harbour Investments Inc.’s holdings in Chart Industries were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its position in 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 purchasing an additional 63 shares during the last quarter. Xponance Inc. lifted its position in shares of Chart Industries by 1.4% in the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company’s stock worth $883,000 after buying an additional 85 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Chart Industries by 1.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company’s stock worth $979,000 after purchasing an additional 98 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Chart Industries by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,458,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Chart Industries by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company’s stock worth $1,703,000 after purchasing an additional 100 shares during the last quarter.

Analysts Set New Price Targets

GTLS has been the topic of several research reports. Seaport Res Ptn lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Chart Industries in a report on Wednesday, October 8th. Citigroup downgraded Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. UBS Group reissued a “neutral” rating and issued a $210.00 price target (down previously from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. Finally, BTIG Research downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $204.85.

Chart Industries Trading Down 0.1%

Shares of GTLS stock opened at $199.71 on Tuesday. The firm has a 50 day moving average price of $199.39 and a two-hundred day moving average price of $171.86. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $8.98 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. As a group, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.