Hood River Capital Management LLC Sells 127,262 Shares of Chart Industries, Inc. $GTLS

Hood River Capital Management LLC trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 33.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 249,733 shares of the industrial products company’s stock after selling 127,262 shares during the period. Hood River Capital Management LLC owned approximately 0.56% of Chart Industries worth $41,119,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP raised its position in Chart Industries by 74.5% in 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 in the last quarter. Brooklyn Investment Group raised its holdings in shares of Chart Industries by 19,900.0% in 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 in the last quarter. SVB Wealth LLC bought a new position in shares of Chart Industries during the 1st quarter worth approximately $30,000. Bessemer Group Inc. lifted 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 buying an additional 93 shares during the period. Finally, Toth Financial Advisory Corp acquired a new stake in Chart Industries in the 2nd quarter valued at $33,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GTLS. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 1st. JPMorgan Chase & Co. lifted their price target on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Citigroup lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $206.33.

Chart Industries Stock Down 0.0%

Shares of GTLS opened at $205.01 on Monday. The business’s fifty day moving average price is $201.50 and its two-hundred day moving average price is $186.45. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 250.02, a PEG ratio of 1.29 and a beta of 1.76. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $2.18 EPS. On average, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.