Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV reduced its position in Chart Industries, Inc. (NYSE:GTLS) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,700 shares of the industrial products company’s stock after selling 6,172 shares during the quarter. Chart Industries comprises approximately 1.2% of Hudson Valley Investment Advisors Inc. ADV’s portfolio, making the stock its 22nd biggest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in Chart Industries were worth $10,821,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in shares of Chart Industries in the 3rd quarter valued at approximately $34,000. UMB Bank n.a. lifted its holdings in shares of Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the period. Ecofi Investissements SA purchased a new position in Chart Industries in the 2nd quarter valued at $50,000. Mendota Financial Group LLC increased its stake in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the period. Finally, nVerses Capital LLC acquired a new position in Chart Industries in the 3rd quarter valued at $87,000.

Chart Industries Trading Up 0.8 %

Shares of GTLS stock opened at $201.66 on Friday. The stock has a market cap of $8.63 billion, a P/E ratio of 58.45, a P/E/G ratio of 1.01 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $210.66. The business has a fifty day simple moving average of $184.24 and a 200-day simple moving average of $149.00.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. 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. BTIG Research lifted their price objective on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Barclays cut their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Stifel Nicolaus lifted their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, Craig Hallum increased their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Three 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. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and an average price target of $188.75.

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.