Park Avenue Securities LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,150 shares of the industrial products company’s stock, valued at approximately $410,000.
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A number of other hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries during the third quarter worth about $34,000. UMB Bank n.a. raised its stake in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares in the last quarter. Ecofi Investissements SA purchased a new position in Chart Industries in the second quarter valued at $50,000. Mendota Financial Group LLC grew its stake in Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 203 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Chart Industries during the 3rd quarter worth about $87,000.
A number of research analysts recently issued reports on the stock. Bank of America decreased their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. The Goldman Sachs Group boosted their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. BTIG Research increased their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company reduced their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus raised their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $188.75.
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Get Our Latest Analysis on GTLS
Shares of GTLS opened at $218.41 on Friday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 63.31, a price-to-earnings-growth ratio of 0.64 and a beta of 1.84. The stock’s fifty day moving average is $195.45 and its 200-day moving average is $154.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.
Chart Industries (NYSE:GTLS – Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.
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.
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