Primecap Management Co. CA Has $32.02 Million Stock Position in Chart Industries, Inc. $GTLS

Primecap Management Co. CA grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,475 shares of the industrial products company’s stock after acquiring an additional 13,060 shares during the period. Primecap Management Co. CA’s holdings in Chart Industries were worth $32,020,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Bessemer Group Inc. grew its holdings 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 buying an additional 93 shares in the last quarter. Brooklyn Investment Group increased its position in Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares during the period. Toth Financial Advisory Corp bought a new position in Chart Industries during the 2nd quarter worth $33,000. Finally, SVB Wealth LLC acquired a new stake in shares of Chart Industries during the first quarter worth $30,000.

Analyst Ratings Changes

GTLS has been the topic of several research reports. Lake Street Capital downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research note on Wednesday, July 30th. Hsbc Global Res raised shares of Chart Industries to a “hold” rating in a report on Wednesday, July 30th. Cowen downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Johnson Rice downgraded Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research report on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $205.08.

Chart Industries Stock Up 0.0%

Shares of GTLS opened at $203.77 on Thursday. The firm has a 50 day simple moving average of $200.44 and a two-hundred day simple moving average of $182.92. 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 one year low of $104.60 and a one year high of $220.03. The company has a market cap of $9.16 billion, a P/E ratio of 248.50, a P/E/G ratio of 1.15 and a beta of 1.78.

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