Archford Capital Strategies LLC Acquires 2,789 Shares of Chart Industries, Inc. (NYSE:GTLS)

Archford Capital Strategies LLC lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 122.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,058 shares of the industrial products company's stock after acquiring an additional 2,789 shares during the period. Archford Capital Strategies LLC's holdings in Chart Industries were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Analysts LLC bought a new position in Chart Industries in the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in Chart Industries in the 1st quarter valued at approximately $25,000. Global X Japan Co. Ltd. lifted its stake in 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 valued at $25,000 after purchasing an additional 100 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Chart Industries by 129.6% in the 4th 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 period. Finally, Fairway Wealth LLC acquired a new position in Chart Industries in the 4th quarter valued at approximately $34,000.

Chart Industries Trading Up 3.5%

Shares of GTLS traded up $5.63 during trading hours on Friday, hitting $168.05. 2,131,151 shares of the stock were exchanged, compared to its average volume of 774,781. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. 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 business has a 50-day moving average of $151.76 and a 200-day moving average of $167.56. The firm has a market capitalization of $7.68 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 0.66 and a beta of 1.71.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The business had revenue of $1 billion during 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%. The business's quarterly revenue was up 38.8% on a year-over-year basis. During the same period last year, the company posted $1.49 earnings per share. On average, research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GTLS shares. Barclays upped their price target on shares of Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Wells Fargo & Company decreased their price target 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. TD Cowen decreased their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Morgan Stanley decreased their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target 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.