Bayforest Capital Ltd Makes New Investment in Chart Industries, Inc. $GTLS

Key Points

• Bayforest Capital Ltd has initiated a new investment in Chart Industries, acquiring 2,678 shares valued at approximately $387,000.
• Chart Industries recently reported an EPS of $2.59, missing expectations, and a revenue of $1.08 billion for the quarter.
• Analysts have downgraded their ratings for Chart Industries, with TD Cowen reducing its rating from "strong-buy" to "hold" and setting price targets around $180.00 to $210.00.

Bayforest Capital Ltd bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,678 shares of the industrial products company's stock, valued at approximately $387,000.

A number of other large investors have also recently added to or reduced their stakes in GTLS. Opal Wealth Advisors LLC bought a new stake in Chart Industries during the first quarter worth approximately $25,000. Global X Japan Co. Ltd. boosted its position in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 100 shares during the period. Brooklyn Investment Group boosted its position in shares of Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 199 shares during the period. SVB Wealth LLC bought a new stake in shares of Chart Industries in the first quarter valued at approximately $30,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Chart Industries in the first quarter valued at approximately $44,000.

Chart Industries Stock Performance

Chart Industries stock opened at $199.15 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The stock has a fifty day moving average price of $188.06 and a two-hundred day moving average price of $163.09. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The firm has a market capitalization of $8.95 billion, a P/E ratio of 37.02, a P/E/G ratio of 1.15 and a beta of 1.67.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. As a group, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GTLS. TD Cowen cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. UBS Group reissued a "neutral" rating and issued a $210.00 price objective (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Johnson Rice cut Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective for the company. in a research report on Wednesday, July 30th. Finally, Lake Street Capital lowered 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. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Chart Industries currently has an average rating of "Hold" and an average price target of $202.00.

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.

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