Athos Capital Ltd Acquires Shares of 57,860 Chart Industries, Inc. $GTLS

Key Points

• Athos Capital bought 57,860 shares of Chart Industries (GTLS) in Q3—about $11.58 million—making the stake roughly 7.3% of Athos's portfolio and its third-largest holding.
• Chart Industries recently missed quarterly estimates (EPS $2.51 vs. $3.48 expected; revenue $1.08B vs. $1.23B) and trades with a market cap of $9.92B, an elevated P/E (~797), and a consensus analyst rating of "Hold" with a $204.10 price target.

Athos Capital Ltd bought a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 57,860 shares of the industrial products company's stock, valued at approximately $11,581,000. Chart Industries comprises about 7.3% of Athos Capital Ltd's portfolio, making the stock its 3rd largest position. Athos Capital Ltd owned 0.13% of Chart Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Allworth Financial LP lifted its stake in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 70 shares during the period. United Community Bank lifted its holdings in Chart Industries by 364.5% during the third quarter. United Community Bank now owns 144 shares of the industrial products company's stock worth $29,000 after acquiring an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 71 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of Chart Industries by 243.3% in the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company's stock valued at $46,000 after buying an additional 163 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Chart Industries by 44.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 100 shares during the period.

Chart Industries Stock Performance

NYSE GTLS opened at $207.23 on Friday. The company has a market capitalization of $9.92 billion, a P/E ratio of 797.07, a P/E/G ratio of 0.79 and a beta of 1.73. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $208.24. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $207.06 and a two-hundred day moving average price of $203.43.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $2.66 earnings per share. Chart Industries's revenue was down 2.5% on a year-over-year basis. Analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Chart Industries in a research note on Monday, December 29th. Zacks Research raised Chart Industries from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $204.10.

About Chart Industries

Chart Industries, Inc NYSE: GTLS is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart's product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.

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