Doliver Advisors LP Cuts Holdings in Chart Industries, Inc. (NYSE:GTLS)

Doliver Advisors LP lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,332 shares of the industrial products company’s stock after selling 220 shares during the period. Chart Industries accounts for about 0.5% of Doliver Advisors LP’s investment portfolio, making the stock its 28th biggest holding. Doliver Advisors LP’s holdings in Chart Industries were worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of GTLS. King Luther Capital Management Corp grew its position in shares of Chart Industries by 2.9% in the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after buying an additional 29,139 shares during the last quarter. Geode Capital Management LLC grew its holdings in Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after purchasing an additional 19,534 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares in the last quarter.

Chart Industries Stock Performance

Chart Industries stock traded up $9.59 during midday trading on Monday, hitting $208.55. 620,210 shares of the company were exchanged, compared to its average volume of 607,496. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $210.66. The firm has a market capitalization of $8.93 billion, a PE ratio of 60.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. The business has a fifty day simple moving average of $177.87 and a two-hundred day simple moving average of $147.39. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm earned $1.28 earnings per share. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, sell-side analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GTLS shares. Barclays reduced their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Stifel Nicolaus increased their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Craig Hallum boosted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a report on Monday, September 16th. Finally, BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

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.