Advisor Resource Council acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,392 shares of the industrial products company's stock, valued at approximately $844,000.
Several other hedge funds have also made changes to their positions in GTLS. Blue Trust Inc. lifted its holdings in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after buying an additional 65 shares during the period. Sanctuary Advisors LLC raised its position in shares of Chart Industries by 71.8% in the fourth quarter. Sanctuary Advisors LLC now owns 3,515 shares of the industrial products company's stock valued at $743,000 after buying an additional 1,469 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Chart Industries during the fourth quarter worth approximately $254,000. Truist Financial Corp increased its holdings in shares of Chart Industries by 5.7% during the 4th quarter. Truist Financial Corp now owns 30,059 shares of the industrial products company's stock worth $5,736,000 after buying an additional 1,628 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in Chart Industries during the 4th quarter worth approximately $219,000.
Chart Industries Price Performance
Shares of NYSE:GTLS traded down $1.49 on Friday, reaching $142.60. 1,537,881 shares of the company traded hands, compared to its average volume of 763,912. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The stock has a market capitalization of $6.52 billion, a PE ratio of 28.81, a P/E/G ratio of 0.55 and a beta of 1.71. 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 company's 50 day moving average is $148.97 and its 200-day moving average is $168.93.
Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly 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 business had revenue of $1 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. As a group, analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on GTLS shares. Stifel Nicolaus lowered their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Barclays lifted their price target on shares of Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company decreased their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Chart Industries has an average rating of "Buy" and an average target price of $200.00.
View Our Latest 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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