Pallas Capital Advisors LLC Trims Position in Chart Industries, Inc. (NYSE:GTLS)

Pallas Capital Advisors LLC lowered its position in Chart Industries, Inc. (NYSE:GTLS) by 3.6% in the fourth quarter, HoldingsChannel reports. The firm owned 18,890 shares of the industrial products company’s stock after selling 704 shares during the period. Pallas Capital Advisors LLC’s holdings in Chart Industries were worth $3,605,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. King Luther Capital Management Corp grew its holdings in shares of Chart Industries by 2.9% during 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 purchasing an additional 29,139 shares during the period. Geode Capital Management LLC boosted its stake in Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after buying an additional 19,534 shares during the period. 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 valued at $99,673,000 after acquiring an additional 32,442 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Chart Industries by 2.3% in 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 acquiring an additional 13,181 shares during the period. Finally, Wellington Management Group LLP lifted its holdings 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 acquiring an additional 262,592 shares during the last quarter.

Chart Industries Stock Up 2.3 %

Shares of GTLS stock traded up $4.58 on Monday, reaching $199.69. 469,523 shares of the stock were exchanged, compared to its average volume of 732,708. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 57.88, a PEG ratio of 1.01 and a beta of 1.84. The business’s 50 day moving average price is $185.54 and its 200 day moving average price is $149.42. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $210.66.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $1.28 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on GTLS. The Goldman Sachs Group lifted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. BTIG Research raised their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Bank of America cut their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Craig Hallum raised their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

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.