Kornitzer Capital Management Inc. KS Decreases Position in Chart Industries, Inc. (NYSE:GTLS)

Kornitzer Capital Management Inc. KS cut its holdings in Chart Industries, Inc. (NYSE:GTLS) by 27.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,040 shares of the industrial products company’s stock after selling 23,380 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.14% of Chart Industries worth $8,955,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GTLS. Allspring Global Investments Holdings LLC purchased a new stake in Chart Industries during the 1st quarter valued at about $30,000. Spire Wealth Management boosted its stake in shares of Chart Industries by 141.0% during the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Rise Advisors LLC grew its holdings in shares of Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of Chart Industries in the fourth quarter worth $33,000. Finally, Byrne Asset Management LLC bought a new stake in Chart Industries during the 2nd quarter valued at $40,000.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several recent analyst reports. Craig Hallum lowered their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Stifel Nicolaus reiterated a “buy” rating and set a $199.00 price target on shares of Chart Industries in a research report on Monday, August 26th. The Goldman Sachs Group lowered their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Bank of America upped their target price on Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.46.

Chart Industries Stock Up 0.2 %

GTLS opened at $113.08 on Friday. Chart Industries, Inc. has a fifty-two week low of $106.88 and a fifty-two week high of $181.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 113.08, a price-to-earnings-growth ratio of 0.39 and a beta of 1.74. The firm’s fifty day moving average is $135.97 and its 200 day moving average is $144.50.

Chart Industries (NYSE:GTLS) last released its earnings results 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). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business posted $1.19 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, sell-side analysts forecast that Chart Industries, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko purchased 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.95% of the company’s stock.

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.