2,678 Shares in Chart Industries, Inc. (NYSE:GTLS) Acquired by Bayforest Capital Ltd

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

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of Chart Industries by 47.3% in the 4th quarter. LPL Financial LLC now owns 21,143 shares of the industrial products company's stock worth $4,035,000 after acquiring an additional 6,785 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Chart Industries in the fourth quarter valued at approximately $316,000. Norges Bank bought a new position in shares of Chart Industries in the fourth quarter valued at approximately $88,609,000. Pictet Asset Management Holding SA raised its position in Chart Industries by 17.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,260 shares of the industrial products company's stock valued at $1,195,000 after purchasing an additional 918 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Chart Industries by 16.8% in the 4th quarter. Schroder Investment Management Group now owns 59,215 shares of the industrial products company's stock valued at $11,286,000 after purchasing an additional 8,507 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays cut their price target on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Johnson Rice downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price for the company. in a research note on Wednesday, July 30th. Raymond James Financial restated a "market perform" rating on shares of Chart Industries in a research report on Wednesday, July 30th. Stifel Nicolaus dropped their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Hsbc Global Res raised shares of Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $202.00.

Chart Industries Stock Performance

GTLS traded up $0.21 during trading on Tuesday, hitting $198.96. The stock had a trading volume of 4,135,089 shares, compared to its average volume of 1,187,828. The company has a 50 day moving average price of $163.31 and a 200-day moving average price of $163.43. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 1.15 and a beta of 1.59. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27.

Chart Industries (NYSE:GTLS - Get Free Report) last posted 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). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. As a group, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.