Kornitzer Capital Management Inc. KS Increases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Kornitzer Capital Management Inc. KS grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 85,420 shares of the industrial products company’s stock after acquiring an additional 5,145 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Chart Industries were worth $11,645,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mackenzie Financial Corp raised its position in Chart Industries by 3.5% in the 1st quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 70 shares during the period. First Republic Investment Management Inc. raised its position in Chart Industries by 4.5% in the 1st quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 75 shares during the period. State of Michigan Retirement System raised its position in Chart Industries by 1.0% in the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after purchasing an additional 100 shares during the period. Commonwealth Equity Services LLC raised its position in Chart Industries by 3.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,120 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 100 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Chart Industries by 0.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after purchasing an additional 104 shares during the period.

Chart Industries Stock Down 0.4 %

Shares of NYSE GTLS traded down $0.53 during midday trading on Friday, reaching $148.04. 404,451 shares of the company’s stock traded hands, compared to its average volume of 472,593. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22. The stock’s 50 day simple moving average is $146.06 and its 200-day simple moving average is $136.72. Chart Industries, Inc. has a one year low of $106.66 and a one year high of $184.65. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 389.47, a P/E/G ratio of 0.41 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm earned $1.67 earnings per share. The company’s quarterly revenue was up 130.0% on a year-over-year basis. On average, analysts predict that Chart Industries, Inc. will post 11.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Morgan Stanley began coverage on shares of Chart Industries in a research note on Thursday. They issued an “equal weight” rating and a $200.00 target price on the stock. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 target price on the stock in a research note on Thursday, January 4th. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. Finally, Wells Fargo & Company upped their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.85.

About Chart Industries

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.