Emerald Advisers LLC Has $35.14 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Emerald Advisers LLC cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,480 shares of the industrial products company’s stock after selling 11,714 shares during the period. Chart Industries comprises approximately 1.5% of Emerald Advisers LLC’s portfolio, making the stock its 18th largest position. Emerald Advisers LLC owned 0.57% of Chart Industries worth $35,144,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries in the first quarter worth approximately $30,000. Spire Wealth Management boosted its stake in shares of Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Rise Advisors LLC increased its position in shares of Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after buying an additional 181 shares during the period. Cape Investment Advisory Inc. bought a new position in Chart Industries during the fourth quarter worth $33,000. Finally, Byrne Asset Management LLC acquired a new position in Chart Industries in the second quarter valued at $40,000.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group decreased their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company lowered their target price on Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Barclays cut their price target on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Craig Hallum lowered their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, Bank of America increased their target price on shares of Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.46.

Chart Industries Stock Down 0.9 %

Shares of NYSE GTLS opened at $112.06 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. Chart Industries, Inc. has a 1 year low of $106.88 and a 1 year high of $179.43. The stock has a market capitalization of $4.80 billion, a P/E ratio of 112.06, a P/E/G ratio of 0.39 and a beta of 1.70. The company has a 50-day moving average price of $135.33 and a 200-day moving average price of $144.49.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $1.19 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities research analysts forecast that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

Chart Industries 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.