Carlson Capital L.P. Takes $1.03 Million Position in Chart Industries, Inc. $GTLS

Key Points

• Carlson Capital L.P. opened a new position in Chart Industries during the fourth quarter, buying 5,000 shares valued at about $1.03 million. The stake represents roughly 0.4% of the firm’s portfolio and ranks as its 20th largest holding.
• Other institutional investors also increased their holdings, while analyst sentiment remains cautious. Chart Industries has an average rating of "Reduce" and a consensus target price of $202.
• The company recently reported mixed quarterly results, missing both earnings and revenue estimates, even as the stock traded around $207.41 near its 52-week high. Shares are up slightly, but the stock’s valuation remains high with a large P/E ratio.

Carlson Capital L.P. purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,000 shares of the industrial products company's stock, valued at approximately $1,031,000. Chart Industries accounts for about 0.4% of Carlson Capital L.P.'s portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its position in shares of Chart Industries by 67.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,867 shares of the industrial products company's stock valued at $385,000 after acquiring an additional 751 shares during the period. Credit Industriel ET Commercial lifted its position in shares of Chart Industries by 32.8% during the 4th quarter. Credit Industriel ET Commercial now owns 10,625 shares of the industrial products company's stock valued at $2,191,000 after acquiring an additional 2,625 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Chart Industries by 11.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,650 shares of the industrial products company's stock valued at $959,000 after acquiring an additional 462 shares during the period. Amplify Investments LLC lifted its position in shares of Chart Industries by 21.4% during the 4th quarter. Amplify Investments LLC now owns 850 shares of the industrial products company's stock valued at $175,000 after acquiring an additional 150 shares during the period. Finally, Montag A & Associates Inc. lifted its position in shares of Chart Industries by 26,800.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,614 shares of the industrial products company's stock valued at $333,000 after acquiring an additional 1,608 shares during the period.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of research reports. Zacks Research downgraded shares of Chart Industries from a "hold" rating to a "strong sell" rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Chart Industries to a "hold" rating in a research note on Saturday, April 4th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Chart Industries in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $202.00.

Chart Industries Trading Up 0.0%

Shares of GTLS stock opened at $207.41 on Friday. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 797.75, a PEG ratio of 0.96 and a beta of 1.56. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $207.37 and a 200 day moving average price of $205.79. Chart Industries, Inc. has a twelve month low of $140.50 and a twelve month high of $208.51.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.Chart Industries's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.66 earnings per share. Research analysts forecast that Chart Industries, Inc. will post 11.31 earnings per share for the current fiscal year.

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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