Canton Hathaway LLC Purchases New Stake in Chart Industries, Inc. (NYSE:GTLS)

Canton Hathaway LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,600 shares of the industrial products company's stock, valued at approximately $375,000.

Other hedge funds also recently made changes to their positions in the company. Advisor Resource Council bought a new stake in shares of Chart Industries during the first quarter valued at about $844,000. Global X Japan Co. Ltd. increased its stake in Chart Industries by 142.9% during the 1st 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 during the period. Davidson Capital Management Inc. bought a new stake in shares of Chart Industries during the 1st quarter worth about $2,339,000. State of Alaska Department of Revenue lifted its stake in shares of Chart Industries by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 4,928 shares of the industrial products company's stock worth $711,000 after acquiring an additional 130 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of Chart Industries in the first quarter valued at approximately $25,000.

Chart Industries Trading Up 3.2%

GTLS traded up $4.63 during trading on Tuesday, reaching $148.63. The company had a trading volume of 1,230,934 shares, compared to its average volume of 765,900. The firm's 50-day simple moving average is $149.32 and its 200 day simple moving average is $168.60. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 0.55 and a beta of 1.71. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month 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 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The firm's quarterly revenue was up 38.8% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. Equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GTLS. Barclays upped their target price on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Morgan Stanley cut their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Stifel Nicolaus lowered their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. TD Cowen dropped their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Two research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $200.00.

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.