Chart Industries, Inc. $GTLS Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its holdings in Chart Industries, Inc. (NYSE:GTLS) by 43.1% during the 3rd quarter, Holdings Channel reports. The fund owned 4,280 shares of the industrial products company’s stock after selling 3,243 shares during the quarter. First Eagle Investment Management LLC’s holdings in Chart Industries were worth $857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in shares of 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. United Community Bank lifted its holdings in Chart Industries by 364.5% in the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 113 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 71 shares during the period. Bessemer Group Inc. grew its position 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. Finally, Clearstead Advisors LLC increased its stake in Chart Industries by 243.3% during the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares during the period.

Chart Industries Trading Down 0.0%

Chart Industries stock opened at $207.24 on Friday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 797.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.73. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $208.24. The firm’s 50 day moving average price is $207.03 and its two-hundred day moving average price is $203.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.15 and a current ratio of 1.36.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.66 earnings per share. On average, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GTLS. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Zacks Research upgraded Chart Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $204.10.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.