Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,218 shares of the industrial products company's stock after purchasing an additional 3,070 shares during the quarter. Braun Stacey Associates Inc. owned about 0.20% of Chart Industries worth $13,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GTLS. Wolf Hill Capital Management LP purchased a new position in shares of Chart Industries during the fourth quarter valued at $101,121,000. Norges Bank purchased a new position in Chart Industries in the fourth quarter valued at about $88,609,000. Dimensional Fund Advisors LP grew its stake 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. Engaged Capital LLC purchased a new position in Chart Industries in the fourth quarter valued at about $42,900,000. Finally, Frontier Capital Management Co. LLC grew its stake in Chart Industries by 920.6% in the fourth quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company's stock valued at $44,670,000 after purchasing an additional 211,134 shares during the last quarter.

Chart Industries Stock Performance

NYSE GTLS traded up $4.00 during trading hours on Tuesday, reaching $167.62. The stock had a trading volume of 772,396 shares, compared to its average volume of 800,257. The stock has a fifty day moving average of $156.31 and a 200 day moving average of $166.52. The stock has a market cap of $7.66 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 0.68 and a beta of 1.68. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. Chart Industries's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 earnings per share. Sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GTLS shares. Morgan Stanley cut their target price on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. TD Cowen dropped their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company dropped their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, Barclays boosted their price target on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Chart Industries presently has a consensus rating of "Buy" and an average target price of $200.00.

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.