Graham Capital Management L.P. Invests $674,000 in Chart Industries, Inc. $GTLS

Key Points

• Graham Capital Management L.P. has acquired 4,667 shares of Chart Industries, Inc. in Q1, valued at approximately $674,000.
• Institutional investors have shown an increased interest in Chart Industries, with several firms like OneDigital Investment Advisors and GAMMA Investing LLC boosting their holdings significantly in the first quarter.
• Analysts have mixed views on Chart Industries, with five holding a "Buy" rating and twelve issuing a "Hold" rating, alongside a current consensus target price of $202.00.

Graham Capital Management L.P. 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 & Exchange Commission. The firm purchased 4,667 shares of the industrial products company's stock, valued at approximately $674,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in Chart Industries in the first quarter worth approximately $25,000. Global X Japan Co. Ltd. lifted its holdings in shares of Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Chart Industries by 19,900.0% in the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 199 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Chart Industries during the 1st quarter valued at $30,000. Finally, Hughes Financial Services LLC bought a new position in shares of Chart Industries during the 1st quarter valued at $44,000.

Chart Industries Trading Up 0.4%

GTLS stock traded up $0.72 on Thursday, reaching $199.87. The company's stock had a trading volume of 783,449 shares, compared to its average volume of 1,660,769. The firm has a market cap of $8.98 billion, a PE ratio of 37.15, a PEG ratio of 1.15 and a beta of 1.67. The business has a fifty day simple moving average of $188.65 and a two-hundred day simple moving average of $163.21. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.11 billion. As a group, research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays reduced their price objective on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Cowen cut Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and issued a $210.00 price target (down from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. TD Cowen downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, BTIG Research lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.