Capital Advisors Ltd. LLC Increases Position in Chart Industries, Inc. (NYSE:GTLS)

Capital Advisors Ltd. LLC boosted its holdings in Chart Industries, Inc. (NYSE:GTLSGet Rating) by 35.1% in the first quarter, HoldingsChannel reports. The firm owned 1,047 shares of the industrial products company’s stock after purchasing an additional 272 shares during the period. Capital Advisors Ltd. LLC’s holdings in Chart Industries were worth $180,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank N A MO acquired a new position in Chart Industries during the 4th quarter worth $48,000. Northwestern Mutual Wealth Management Co. raised its stake in Chart Industries by 1,382.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 934 shares of the industrial products company’s stock valued at $149,000 after buying an additional 871 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Chart Industries by 48.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,171 shares of the industrial products company’s stock worth $186,000 after buying an additional 383 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Chart Industries in the 4th quarter worth approximately $188,000. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Chart Industries by 32.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,156 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 285 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GTLS shares. Credit Suisse Group raised their price objective on Chart Industries from $203.00 to $224.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Lake Street Capital boosted their price objective on shares of Chart Industries from $195.00 to $225.00 in a research report on Monday, August 1st. Cowen raised their target price on shares of Chart Industries from $195.00 to $225.00 in a report on Monday, August 1st. Craig Hallum upped their target price on Chart Industries from $225.00 to $243.00 in a report on Monday, August 1st. Finally, Wells Fargo & Company raised their price target on Chart Industries from $200.00 to $205.00 in a report on Monday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $212.60.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $201.92 on Friday. The stock has a market cap of $7.40 billion, a P/E ratio of 140.22 and a beta of 1.61. The firm’s 50-day simple moving average is $169.55 and its 200 day simple moving average is $159.42. Chart Industries, Inc. has a fifty-two week low of $108.29 and a fifty-two week high of $206.29. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 0.37.

Chart Industries (NYSE:GTLSGet Rating) last released its earnings results on Friday, July 29th. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. The firm had revenue of $404.80 million for the quarter, compared to analysts’ expectations of $390.83 million. Chart Industries had a net margin of 4.49% and a return on equity of 7.70%. Chart Industries’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. Equities analysts expect that Chart Industries, Inc. will post 5.18 EPS for the current year.

Chart Industries Company Profile

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Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

See Also

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

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