Scout Investments Inc. Lowers Stake in Chart Industries, Inc. (NYSE:GTLS)

Scout Investments Inc. trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 35.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 357,801 shares of the industrial products company's stock after selling 198,120 shares during the quarter. Chart Industries accounts for about 1.2% of Scout Investments Inc.'s holdings, making the stock its 13th largest position. Scout Investments Inc. owned about 0.84% of Chart Industries worth $48,779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in Chart Industries in the fourth quarter worth $57,415,000. Federated Hermes Inc. boosted its holdings in shares of Chart Industries by 83.9% in the third quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company's stock worth $100,159,000 after acquiring an additional 270,133 shares during the period. Gates Capital Management Inc. boosted its holdings in shares of Chart Industries by 39.3% in the third quarter. Gates Capital Management Inc. now owns 449,926 shares of the industrial products company's stock worth $76,091,000 after acquiring an additional 127,000 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Chart Industries by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company's stock worth $268,088,000 after acquiring an additional 101,404 shares during the period. Finally, King Luther Capital Management Corp boosted its holdings in shares of Chart Industries by 8.6% in the fourth quarter. King Luther Capital Management Corp now owns 930,238 shares of the industrial products company's stock worth $126,819,000 after acquiring an additional 73,586 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GTLS shares. Piper Sandler raised their price target on Chart Industries from $151.00 to $160.00 and gave the stock a "neutral" rating in a report on Monday, May 6th. The Goldman Sachs Group lifted their price objective on Chart Industries from $150.00 to $168.00 and gave the company a "neutral" rating in a research note on Tuesday, May 28th. Stifel Nicolaus dropped their price objective on Chart Industries from $224.00 to $220.00 and set a "buy" rating for the company in a research note on Monday, May 6th. UBS Group raised Chart Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Finally, Barclays initiated coverage on Chart Industries in a research note on Wednesday, May 8th. They set an "equal weight" rating and a $193.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chart Industries has a consensus rating of "Moderate Buy" and a consensus price target of $197.57.

Chart Industries Price Performance

NYSE GTLS traded down $0.68 during trading hours on Friday, reaching $145.40. 328,427 shares of the stock traded hands, compared to its average volume of 428,459. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 145.40, a price-to-earnings-growth ratio of 0.41 and a beta of 1.72. The stock has a 50 day simple moving average of $153.05 and a two-hundred day simple moving average of $140.36. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. Chart Industries, Inc. has a 1 year low of $109.48 and a 1 year high of $184.65.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). The company 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 firm's quarterly revenue was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 EPS. On average, analysts predict that Chart Industries, Inc. will post 11.94 EPS 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.