Bayforest Capital Ltd Invests $387,000 in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• Bayforest Capital Ltd acquired 2,678 shares of Chart Industries, Inc. (NYSE:GTLS), valued at approximately $387,000, in its recent Form 13F filing with the SEC.
• Several hedge funds have increased their stakes in Chart Industries, with Janus Henderson Group increasing its ownership by 2.2% and Dimensional Fund Advisors boosting it by 37.7% during the fourth quarter.
• Analysts have adjusted their price targets for Chart Industries, with TD Cowen reducing it from $210 to $205 while Morgan Stanley adjusted theirs from $250 to $225, reflecting varied outlooks on the stock's performance.

Bayforest Capital Ltd purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,678 shares of the industrial products company's stock, valued at approximately $387,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in Chart Industries by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock worth $307,046,000 after purchasing an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after purchasing an additional 291,520 shares during the last quarter. Northern Trust Corp lifted its holdings in Chart Industries by 23.4% during the 4th quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after buying an additional 121,259 shares during the period. Wolf Hill Capital Management LP acquired a new position in Chart Industries during the 4th quarter worth about $101,121,000. Finally, Norges Bank bought a new stake in Chart Industries during the fourth quarter valued at $88,609,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on GTLS. Johnson Rice cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a report on Wednesday. Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a report on Wednesday. Lake Street Capital cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a report on Wednesday. TD Cowen cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, Barclays reduced their price target on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Performance

GTLS traded down $0.08 on Friday, hitting $198.75. The company's stock had a trading volume of 12,015,201 shares, compared to its average volume of 2,491,437. The company's 50 day simple moving average is $162.50 and its 200-day simple moving average is $163.91. The firm has a market cap of $8.93 billion, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a quick ratio of 1.21, a current ratio of 1.55 and a debt-to-equity ratio of 1.04.

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

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.