Davidson Capital Management Inc. purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,200 shares of the industrial products company's stock, valued at approximately $2,339,000.
A number of other hedge funds also recently bought and sold shares of GTLS. Capital Analysts LLC purchased a new position in Chart Industries during the fourth quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chart Industries during the first quarter valued at approximately $25,000. 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 valued at $31,000 after acquiring an additional 92 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of Chart Industries during the fourth quarter valued at approximately $34,000. Finally, 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 valued at $35,000 after acquiring an additional 65 shares during the last quarter.
Chart Industries Price Performance
Shares of NYSE:GTLS traded down $1.49 during midday trading on Friday, hitting $142.60. The company had a trading volume of 1,537,881 shares, compared to its average volume of 763,912. The business's 50-day simple moving average is $148.97 and its 200-day simple moving average is $169.08. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 0.55 and a beta of 1.71. 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 earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The firm's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 earnings per share. On average, research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have commented on GTLS shares. 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 report on Tuesday, April 22nd. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. TD Cowen cut their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Barclays increased their price target on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Morgan Stanley cut their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $200.00.
View Our Latest Research Report on GTLS
About Chart Industries
(
Free Report)
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.
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