SG Americas Securities LLC Decreases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Posted by on Oct 3rd, 2023

SG Americas Securities LLC decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 91.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,240 shares of the industrial products company’s stock after selling 12,801 shares during the period. SG Americas Securities LLC’s holdings in Chart Industries were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Belpointe Asset Management LLC grew its position in Chart Industries by 164.6% during the 1st quarter. Belpointe Asset Management LLC now owns 217 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 135 shares during the last quarter. KB Financial Partners LLC acquired a new stake in Chart Industries during the 1st quarter worth about $28,000. Manchester Capital Management LLC lifted its position in Chart Industries by 2,076.9% during the 1st quarter. Manchester Capital Management LLC now owns 566 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 540 shares during the period. ICA Group Wealth Management LLC acquired a new stake in Chart Industries during the 4th quarter worth about $73,000. Finally, Assetmark Inc. lifted its position in Chart Industries by 46.1% during the 1st quarter. Assetmark Inc. now owns 729 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 230 shares during the period.

Chart Industries Stock Down 1.5 %

Chart Industries stock opened at $166.51 on Tuesday. The business has a 50 day simple moving average of $170.13 and a 200-day simple moving average of $145.07. Chart Industries, Inc. has a 12 month low of $101.44 and a 12 month high of $242.59. The stock has a market capitalization of $7.12 billion, a PE ratio of -361.97, a price-to-earnings-growth ratio of 0.61 and a beta of 1.56. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.38 and a quick ratio of 1.04.

Chart Industries (NYSE:GTLS – Get Free Report) last issued its quarterly earnings results on Friday, July 28th. The industrial products company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.25. Chart Industries had a negative net margin of 0.28% and a positive return on equity of 8.21%. The firm had revenue of $908.10 million for the quarter, compared to analyst estimates of $971.28 million. During the same period last year, the company posted $0.88 EPS. Chart Industries’s quarterly revenue was up 124.3% compared to the same quarter last year. On average, analysts anticipate that Chart Industries, Inc. will post 6.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GTLS shares. Citigroup lifted their price target on Chart Industries from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. StockNews.com began coverage on shares of Chart Industries in a research report on Wednesday, August 23rd. They set a “sell” rating for the company. HSBC began coverage on Chart Industries in a research report on Monday, September 25th. They set a “buy” rating and a $212.00 price target on the stock. Craig Hallum increased their price target on Chart Industries from $208.00 to $234.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, CL King increased their price target on Chart Industries from $165.00 to $193.00 in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.60.

Read Our Latest Report on GTLS

Chart Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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