MainStreet Investment Advisors LLC Buys 740 Shares of Chart Industries, Inc. $GTLS

MainStreet Investment Advisors LLC raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 32.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,030 shares of the industrial products company’s stock after purchasing an additional 740 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Chart Industries were worth $499,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Inspire Advisors LLC lifted its position in shares of Chart Industries by 30.2% in the 2nd quarter. Inspire Advisors LLC now owns 6,530 shares of the industrial products company’s stock worth $1,075,000 after purchasing an additional 1,513 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Chart Industries by 53.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 87,490 shares of the industrial products company’s stock valued at $14,405,000 after acquiring an additional 30,361 shares in the last quarter. Mint Tower Capital Management B.V. purchased a new stake in Chart Industries during the 2nd quarter valued at $3,423,000. Itau Unibanco Holding S.A. increased its holdings in shares of 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 worth $106,000 after purchasing an additional 79 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Chart Industries in the second quarter worth $326,000.

Chart Industries Price Performance

GTLS stock opened at $203.59 on Tuesday. The stock has a market cap of $9.15 billion, a PE ratio of 248.29, a P/E/G ratio of 1.15 and a beta of 1.78. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $220.03. The company has a 50-day moving average price of $200.26 and a 200 day moving average price of $182.44. The company has a current ratio of 1.40, a quick ratio of 1.27 and a debt-to-equity ratio of 1.08.

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

Wall Street Analyst Weigh In

Several research firms recently commented on GTLS. TD Cowen downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Thursday. Citigroup cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Raymond James Financial restated a “market perform” rating on shares of Chart Industries in a report on Wednesday, July 30th. Finally, Seaport Res Ptn lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries has an average rating of “Hold” and an average price target of $205.08.

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.