Capula Management Ltd Takes Position in Chart Industries, Inc. $GTLS

Key Points

• Capula Management Ltd opened a new position in Chart Industries (NYSE:GTLS) during Q3, buying 35,000 shares worth about $7.01 million and representing roughly 0.08% ownership.
• Chart reported a quarterly miss—EPS $2.51 vs. $3.48 expected and revenue $1.08B vs. $1.23B expected—its revenue fell 2.5% year‑over‑year and net margin was just 0.95%.
• The stock trades with a market cap of $9.9B and an elevated trailing PE (~795x)“Hold” with a $204.10 target (1 Strong Buy, 3 Buy, 12 Hold, 1 Sell).

Capula Management Ltd acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,000 shares of the industrial products company's stock, valued at approximately $7,005,000. Capula Management Ltd owned 0.08% of Chart Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in Chart Industries by 74.5% in the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company's stock worth $27,000 after purchasing an additional 70 shares during the period. Savant Capital LLC lifted its holdings in shares of Chart Industries by 2.0% during the 3rd quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company's stock valued at $717,000 after buying an additional 70 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company's stock valued at $29,000 after buying an additional 71 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in shares of Chart Industries by 1.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 4,325 shares of the industrial products company's stock worth $866,000 after buying an additional 73 shares during the last quarter. Finally, CI Investments Inc. boosted its stake in shares of Chart Industries by 36.9% in the 3rd quarter. CI Investments Inc. now owns 271 shares of the industrial products company's stock worth $54,000 after buying an additional 73 shares during the last quarter.

Chart Industries Stock Down 0.1%

GTLS opened at $206.78 on Friday. The firm's 50 day simple moving average is $207.13 and its two-hundred day simple moving average is $203.74. The company has a market capitalization of $9.90 billion, a PE ratio of 795.33, a PEG ratio of 0.79 and a beta of 1.73. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $208.24. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.48 by ($0.97). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The company's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 EPS. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Ratings Changes

GTLS has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Chart Industries in a research report on Monday, December 29th. Zacks Research raised Chart Industries from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Chart Industries currently has a consensus rating of "Hold" and a consensus target price of $204.10.

Chart Industries Profile

Chart Industries, Inc NYSE: GTLS is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart's product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.

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