Aigen Investment Management LP Takes $228,000 Position in Chart Industries, Inc. $GTLS

Key Points

• Aigen Investment Management LP acquired 1,577 shares of Chart Industries, Inc. valued at approximately $228,000 during the first quarter.
• Analysts have adjusted their price targets for Chart Industries, with Lake Street Capital lowering their target to $210.00 and Barclays reducing it from $171.00 to $169.00.
• Chart Industries reported earnings of $2.59 per share for the last quarter, missing the expected $2.62 by $0.03, and had revenue of $1.08 billion against a consensus expectation of $1.11 billion.

Aigen Investment Management LP purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,577 shares of the industrial products company's stock, valued at approximately $228,000.

A number of other large investors have also recently bought and sold shares of GTLS. Capital Analysts LLC bought a new position in shares of Chart Industries in the fourth quarter valued at $25,000. Global X Japan Co. Ltd. grew its stake in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after buying an additional 100 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Chart Industries in the first quarter valued at $25,000. Hughes Financial Services LLC bought a new position in shares of Chart Industries in the first quarter valued at $44,000. Finally, Byrne Asset Management LLC bought a new position in shares of Chart Industries in the first quarter valued at $45,000.

Chart Industries Stock Performance

Shares of GTLS traded down $0.1950 during midday trading on Tuesday, reaching $198.5350. 1,633,909 shares of the stock were exchanged, compared to its average volume of 1,335,547. The company has a market cap of $8.92 billion, a P/E ratio of 36.90, a PEG ratio of 1.15 and a beta of 1.59. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The stock's 50 day simple moving average is $172.02 and its 200 day simple moving average is $162.51. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stifel Nicolaus reduced their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Cowen cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $210.00 price objective (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Johnson Rice cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective for the company. in a research report on Wednesday, July 30th. Finally, Morgan Stanley reduced their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Chart Industries has a consensus rating of "Hold" and a consensus target price of $202.00.

Chart Industries 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.