Duff & Phelps Investment Management Co. Lowers Holdings in Chart Industries, Inc. (NYSE:GTLS)

Duff & Phelps Investment Management Co. reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,079 shares of the industrial products company’s stock after selling 444 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Chart Industries were worth $1,022,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in Chart Industries in the 1st quarter worth about $30,000. Rise Advisors LLC increased its position in shares of Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in Chart Industries in the second quarter valued at approximately $40,000. Covestor Ltd grew its stake in Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after buying an additional 311 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Chart Industries by 37.9% in the 1st quarter. Advisors Asset Management Inc. now owns 571 shares of the industrial products company’s stock worth $94,000 after buying an additional 157 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GTLS shares. Craig Hallum cut their target price on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. The Goldman Sachs Group decreased their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company cut their target price on Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Barclays decreased their price target on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.45.

Chart Industries Price Performance

GTLS stock opened at $125.70 on Monday. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 125.70, a PEG ratio of 0.39 and a beta of 1.70. The firm’s 50-day moving average price is $125.80 and its two-hundred day moving average price is $142.38. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $173.65.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities analysts predict that Chart Industries, Inc. will post 10.72 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Linda S. Harty bought 1,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $113.50 per share, with a total value of $113,500.00. Following the transaction, the director now directly owns 10,640 shares in the company, valued at approximately $1,207,640. The disclosure for this purchase can be found here. Insiders acquired 7,152 shares of company stock valued at $482,278 over the last quarter. 0.95% of the stock is owned by company insiders.

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.