Kingsview Wealth Management LLC Reduces Position in Chart Industries, Inc. (NYSE:GTLS)

Kingsview Wealth Management LLC lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,897 shares of the industrial products company’s stock after selling 1,346 shares during the period. Kingsview Wealth Management LLC’s holdings in Chart Industries were worth $2,289,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GTLS. Norges Bank purchased a new stake in shares of Chart Industries in the fourth quarter valued at approximately $57,415,000. DAVENPORT & Co LLC purchased a new stake in shares of Chart Industries in the first quarter valued at approximately $42,507,000. Gates Capital Management Inc. boosted its holdings in shares of Chart Industries by 50.5% in the fourth quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock valued at $92,323,000 after purchasing an additional 227,280 shares during the period. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Chart Industries in the fourth quarter valued at approximately $27,672,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Chart Industries by 143.5% in the first quarter. Russell Investments Group Ltd. now owns 248,101 shares of the industrial products company’s stock valued at $40,867,000 after purchasing an additional 146,212 shares during the period.

Analyst Ratings Changes

GTLS has been the subject of a number of research reports. Bank of America boosted their price target on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 15th. Barclays assumed coverage on shares of Chart Industries in a research note on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price objective for the company. TD Cowen boosted their price objective on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Piper Sandler boosted their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Finally, Morgan Stanley assumed coverage on shares of Chart Industries in a research note on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.77.

Chart Industries Stock Up 0.0 %

Shares of GTLS stock traded up $0.08 during trading hours on Friday, reaching $163.06. 362,468 shares of the company’s stock were exchanged, compared to its average volume of 506,167. The stock’s 50 day moving average is $149.43 and its 200-day moving average is $143.64. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 163.31, a P/E/G ratio of 0.47 and a beta of 1.74. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. Chart Industries, Inc. has a fifty-two week low of $109.48 and a fifty-two week high of $184.65.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). The firm 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 business’s revenue was up 76.7% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. Analysts predict that Chart Industries, Inc. will post 11.56 earnings per share for the current fiscal year.

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.