Park Avenue Securities LLC Sells 1,406 Shares of Chart Industries, Inc. (NYSE:GTLS)

Park Avenue Securities LLC lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 41.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,960 shares of the industrial products company’s stock after selling 1,406 shares during the quarter. Park Avenue Securities LLC’s holdings in Chart Industries were worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cape Investment Advisory Inc. purchased a new position in Chart Industries in the fourth quarter valued at about $33,000. Rise Advisors LLC lifted its position in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in Chart Industries in the fourth quarter valued at approximately $77,000. ICA Group Wealth Management LLC purchased a new position in Chart Industries in the fourth quarter worth $87,000. Finally, Principal Securities Inc. purchased a new stake in shares of Chart Industries during the 4th quarter valued at $89,000.

Chart Industries Stock Up 0.6 %

Shares of GTLS opened at $144.34 on Monday. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 144.34, a PEG ratio of 0.40 and a beta of 1.72. Chart Industries, Inc. has a 52 week low of $109.48 and a 52 week high of $184.65. The stock’s 50-day moving average price is $149.80 and its 200-day moving average price is $142.06. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). The company had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 EPS. On average, sell-side analysts predict that Chart Industries, Inc. will post 11.94 EPS for the current year.

Analyst Upgrades and Downgrades

GTLS has been the topic of several research analyst reports. TD Cowen boosted their target price on Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Piper Sandler raised their price target on shares of Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Finally, Barclays initiated coverage on shares of Chart Industries in a report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.92.

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.