Chart Industries, Inc. (NYSE:GTLS) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its stake in Chart Industries, Inc. (NYSE:GTLS) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,781,064 shares of the industrial products company’s stock after selling 1,660 shares during the period. Chart Industries accounts for 0.9% of William Blair Investment Management LLC’s portfolio, making the stock its 16th largest position. William Blair Investment Management LLC owned approximately 4.17% of Chart Industries worth $284,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital World Investors raised its holdings in Chart Industries by 16.1% in the first quarter. Capital World Investors now owns 4,402,819 shares of the industrial products company’s stock valued at $756,272,000 after acquiring an additional 609,148 shares in the last quarter. Wellington Management Group LLP raised its holdings in Chart Industries by 63.1% in the first quarter. Wellington Management Group LLP now owns 1,339,412 shares of the industrial products company’s stock valued at $230,071,000 after acquiring an additional 517,951 shares in the last quarter. State Street Corp increased its stake in Chart Industries by 1.7% during the third quarter. State Street Corp now owns 1,153,477 shares of the industrial products company’s stock valued at $212,643,000 after purchasing an additional 19,413 shares during the last quarter. Invesco Ltd. increased its stake in Chart Industries by 6.5% during the first quarter. Invesco Ltd. now owns 1,127,603 shares of the industrial products company’s stock valued at $193,688,000 after purchasing an additional 69,149 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Chart Industries by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,025,908 shares of the industrial products company’s stock valued at $176,220,000 after purchasing an additional 257,402 shares during the last quarter.

Chart Industries Price Performance

GTLS traded up $1.16 on Monday, reaching $126.85. The company had a trading volume of 201,083 shares, compared to its average volume of 615,624. The company has a fifty day moving average of $148.34 and a 200-day moving average of $149.40. The company has a market capitalization of $5.42 billion, a P/E ratio of -84.89, a PEG ratio of 0.44 and a beta of 1.60. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38. Chart Industries, Inc. has a one year low of $101.44 and a one year high of $184.65.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, October 27th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.33). The company had revenue of $897.60 million during the quarter, compared to the consensus estimate of $1.03 billion. Chart Industries had a negative net margin of 1.83% and a positive return on equity of 7.94%. The business’s quarterly revenue was up 117.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 6 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on GTLS. Piper Sandler boosted their target price on shares of Chart Industries from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, July 31st. HSBC began coverage on shares of Chart Industries in a research note on Monday, September 25th. They set a “buy” rating and a $212.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Chart Industries from $224.00 to $226.00 and gave the company an “overweight” rating in a research note on Tuesday, October 3rd. Citigroup boosted their target price on shares of Chart Industries from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Finally, StockNews.com began coverage on shares of Chart Industries in a research report on Thursday, October 5th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

About Chart Industries

Chart Industries, Inc manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.