CenterBook Partners LP Purchases New Stake in Chart Industries, Inc. (NYSE:GTLS)

CenterBook Partners LP acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,561 shares of the industrial products company's stock, valued at approximately $514,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wolf Hill Capital Management LP purchased a new stake in Chart Industries in the fourth quarter valued at $101,121,000. Norges Bank purchased a new position in shares of Chart Industries during the fourth quarter worth $88,609,000. Dimensional Fund Advisors LP boosted its position in shares of Chart Industries by 37.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after buying an additional 291,520 shares during the period. Engaged Capital LLC purchased a new position in shares of Chart Industries during the fourth quarter worth $42,900,000. Finally, Frontier Capital Management Co. LLC boosted its position in shares of Chart Industries by 920.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company's stock worth $44,670,000 after buying an additional 211,134 shares during the period.

Chart Industries Stock Up 0.2%

NYSE:GTLS traded up $0.36 during mid-day trading on Friday, hitting $171.82. The stock had a trading volume of 547,194 shares, compared to its average volume of 786,421. The stock has a 50-day simple moving average of $159.61 and a two-hundred day simple moving average of $165.43. The company has a market capitalization of $7.85 billion, a PE ratio of 34.71, a PEG ratio of 0.67 and a beta of 1.68. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley lowered their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. TD Cowen reduced their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company reduced their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Barclays set a $169.00 price target on shares of Chart Industries and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, Stifel Nicolaus cut their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $199.82.

About Chart Industries

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.