Essex Investment Management Co. LLC Sells 1,256 Shares of Chart Industries, Inc. (NYSE:GTLS)

Essex Investment Management Co. LLC reduced its holdings in Chart Industries, Inc. (NYSE:GTLS) by 12.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,578 shares of the industrial products company’s stock after selling 1,256 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Chart Industries were worth $1,238,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC bought a new position in Chart Industries in the 4th quarter worth about $25,000. Global X Japan Co. Ltd. increased its stake in Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Chart Industries during the 1st quarter valued at about $25,000. Hughes Financial Services LLC bought a new position in shares of Chart Industries during the 1st quarter valued at about $44,000. Finally, Byrne Asset Management LLC bought a new position in shares of Chart Industries during the 1st quarter valued at about $45,000.

Chart Industries Trading Up 15.8%

NYSE GTLS opened at $198.73 on Wednesday. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. The stock has a 50 day simple moving average of $160.07 and a two-hundred day simple moving average of $164.06. The stock has a market cap of $9.08 billion, a P/E ratio of 40.15, a price-to-earnings-growth ratio of 0.67 and a beta of 1.68.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. On average, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on GTLS shares. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the company a “neutral” rating in a research report on Wednesday, May 28th. Wells Fargo & Company reduced their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 1st. Barclays reduced their price objective on Chart Industries from $171.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Morgan Stanley reduced their price objective on Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Finally, TD Cowen reduced their price objective on Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $199.82.

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.