Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 0.4% during the 2nd quarter, Holdings Channel reports. The fund owned 512,603 shares of the industrial products company’s stock after selling 1,896 shares during the quarter. Federated Hermes Inc.’s holdings in Chart Industries were worth $73,989,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GTLS. Wellington Shields & Co. LLC boosted its holdings in Chart Industries by 44.8% in the second quarter. Wellington Shields & Co. LLC now owns 13,336 shares of the industrial products company’s stock valued at $1,925,000 after purchasing an additional 4,126 shares in the last quarter. ClariVest Asset Management LLC grew its stake in Chart Industries by 45.2% during the 2nd quarter. ClariVest Asset Management LLC now owns 18,885 shares of the industrial products company’s stock worth $2,726,000 after buying an additional 5,875 shares during the last quarter. SIR Capital Management L.P. increased its holdings in shares of Chart Industries by 74.7% in the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after acquiring an additional 41,626 shares during the period. Texas Permanent School Fund Corp boosted its stake in Chart Industries by 2.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 37,789 shares of the industrial products company’s stock worth $5,454,000 after purchasing an additional 1,070 shares during the period. Finally, Choreo LLC purchased a new position in shares of Chart Industries during the second quarter worth about $538,000.

Analyst Upgrades and Downgrades

GTLS has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $199.00 price objective on shares of Chart Industries in a research note on Monday, August 26th. The Goldman Sachs Group decreased their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company cut their price target on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Finally, Craig Hallum dropped their target price on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $187.46.

Insider Activity at Chart Industries

In related news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul E. Mahoney purchased 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the acquisition, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,940 shares of company stock worth $217,071. 0.95% of the stock is currently owned by insiders.

Chart Industries Stock Up 3.0 %

GTLS opened at $114.98 on Friday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $177.21. The firm has a market cap of $4.92 billion, a P/E ratio of 114.98, a PEG ratio of 0.35 and a beta of 1.70. The business’s fifty day simple moving average is $132.10 and its 200 day simple moving average is $143.81. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.39). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 EPS. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

Chart Industries 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.