Davidson Capital Management Inc. Buys Shares of 16,200 Chart Industries, Inc. (NYSE:GTLS)

Davidson Capital Management Inc. acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,200 shares of the industrial products company's stock, valued at approximately $2,339,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Manhattan CO. LLC. raised its holdings in shares of Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after purchasing an additional 54 shares during the period. Assetmark Inc. raised its holdings in shares of Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. raised its holdings in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after purchasing an additional 69 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. TD Cowen dropped their target price on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Morgan Stanley dropped their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Finally, Barclays increased their price objective on shares of Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $200.00.

Chart Industries Price Performance

Chart Industries stock traded down $1.49 during trading hours on Friday, hitting $142.60. 1,537,881 shares of the company traded hands, compared to its average volume of 763,912. The firm has a market cap of $6.52 billion, a P/E ratio of 28.81, a P/E/G ratio of 0.55 and a beta of 1.71. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. The firm's 50-day simple moving average is $148.97 and its two-hundred day simple moving average is $169.08. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.84 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. Chart Industries's quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter last year, the company earned $1.49 EPS. As a group, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share 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.