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

Several other hedge funds have also recently bought and sold shares of GTLS. Schonfeld Strategic Advisors LLC acquired a new stake in Chart Industries during the fourth quarter worth approximately $202,000. Cetera Investment Advisers lifted its position in Chart Industries by 44.4% during the fourth quarter. Cetera Investment Advisers now owns 8,451 shares of the industrial products company's stock worth $1,613,000 after acquiring an additional 2,597 shares during the last quarter. Deutsche Bank AG lifted its position in Chart Industries by 46.8% during the fourth quarter. Deutsche Bank AG now owns 173,444 shares of the industrial products company's stock worth $33,100,000 after acquiring an additional 55,293 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Chart Industries by 8.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 15,601 shares of the industrial products company's stock worth $2,977,000 after purchasing an additional 1,160 shares during the period. Finally, Ethic Inc. bought a new position in shares of Chart Industries during the fourth quarter worth approximately $215,000.

Chart Industries Trading Down 0.2%

Shares of NYSE:GTLS traded down $0.40 on Tuesday, hitting $199.40. The company had a trading volume of 390,379 shares, compared to its average volume of 1,350,712. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 1.15 and a beta of 1.67. The firm's 50-day simple moving average is $189.96 and its two-hundred day simple moving average is $163.12. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04.

Chart Industries (NYSE:GTLS - Get Free Report) last issued 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). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. BTIG Research cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Barclays lowered their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. UBS Group reaffirmed a "neutral" rating and set a $210.00 target price (down from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Citigroup cut shares of Chart Industries from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, Cowen cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.