Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Sheets Smith Wealth Management

Sheets Smith Wealth Management raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,078 shares of the industrial products company’s stock after acquiring an additional 254 shares during the period. Sheets Smith Wealth Management’s holdings in Chart Industries were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Malaga Cove Capital LLC boosted its stake in shares of Chart Industries by 20.1% during the fourth quarter. Malaga Cove Capital LLC now owns 5,758 shares of the industrial products company’s stock worth $785,000 after buying an additional 964 shares during the period. First Trust Direct Indexing L.P. boosted its stake in shares of Chart Industries by 6.0% during the fourth quarter. First Trust Direct Indexing L.P. now owns 1,946 shares of the industrial products company’s stock worth $265,000 after buying an additional 111 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Chart Industries by 7.2% during the fourth quarter. Victory Capital Management Inc. now owns 276,010 shares of the industrial products company’s stock worth $37,628,000 after buying an additional 18,568 shares during the period. Hollow Brook Wealth Management LLC boosted its stake in shares of Chart Industries by 30.1% during the fourth quarter. Hollow Brook Wealth Management LLC now owns 30,303 shares of the industrial products company’s stock worth $4,131,000 after buying an additional 7,002 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its position in Chart Industries by 53.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 9,104 shares of the industrial products company’s stock valued at $1,241,000 after purchasing an additional 3,185 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Wells Fargo & Company raised their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Stifel Nicolaus dropped their target price on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a report on Monday. Piper Sandler increased their target price on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Monday. Finally, TD Cowen increased their target price on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.46.

Chart Industries Trading Up 3.7 %

Shares of GTLS traded up $5.75 during mid-day trading on Monday, reaching $160.75. The company had a trading volume of 362,372 shares, compared to its average volume of 611,552. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 159.77, a price-to-earnings-growth ratio of 0.43 and a beta of 1.73. The firm has a fifty day simple moving average of $150.44 and a 200-day simple moving average of $135.83. Chart Industries, Inc. has a fifty-two week low of $106.66 and a fifty-two week high of $184.65. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The company had revenue of $950.70 million during the quarter, compared to analyst estimates of $970.91 million. During the same quarter last year, the business earned $1.41 EPS. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 11.98 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.