Braun Stacey Associates Inc. Boosts Stake in Chart Industries, Inc. (NYSE:GTLS)

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

Several other institutional investors have also added to or reduced their stakes in GTLS. Capital Analysts LLC bought a new stake in Chart Industries in the fourth quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Chart Industries during the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. boosted its holdings in shares of Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after buying an additional 100 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after buying an additional 92 shares in the last quarter. Finally, Fairway Wealth LLC bought a new position in shares of Chart Industries during the 4th quarter worth approximately $34,000.

Chart Industries Stock Up 1.2%

Shares of NYSE:GTLS traded up $1.96 during trading on Friday, reaching $170.11. 1,055,915 shares of the stock were exchanged, compared to its average volume of 784,405. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 0.68 and a beta of 1.68. The stock has a fifty day moving average of $155.74 and a two-hundred day moving average of $166.67. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21.

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

Analyst Upgrades and Downgrades

GTLS has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Barclays increased their price target on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. TD Cowen cut their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Morgan Stanley cut their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, Wells Fargo & Company lowered their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company 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.