Bailard Inc. Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

Bailard Inc. purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,600 shares of the industrial products company's stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its holdings in Chart Industries by 4.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,569 shares of the industrial products company's stock worth $1,444,000 after purchasing an additional 326 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Chart Industries by 6.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company's stock worth $356,000 after buying an additional 114 shares in the last quarter. Cibc World Markets Corp bought a new stake in Chart Industries during the 4th quarter valued at approximately $768,000. Axxcess Wealth Management LLC purchased a new position in shares of Chart Industries during the 4th quarter worth approximately $334,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Chart Industries by 13.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 11,158 shares of the industrial products company's stock worth $2,129,000 after acquiring an additional 1,281 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on GTLS. The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Stifel Nicolaus dropped their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company decreased their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Barclays set a $169.00 price target on Chart Industries and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, TD Cowen reduced their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $199.82.

Chart Industries Stock Down 0.6%

Shares of Chart Industries stock traded down $0.96 on Thursday, reaching $170.67. The company's stock had a trading volume of 554,537 shares, compared to its average volume of 723,423. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The firm's fifty day simple moving average is $159.38 and its two-hundred day simple moving average is $164.69. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 0.67 and a beta of 1.68. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The company's quarterly revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.