WCM Investment Management LLC Has $17.44 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

WCM Investment Management LLC grew its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 39.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,454 shares of the industrial products company's stock after buying an additional 33,249 shares during the quarter. WCM Investment Management LLC owned 0.26% of Chart Industries worth $17,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GTLS. Capital Analysts LLC acquired a new stake in Chart Industries in the fourth quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Chart Industries in the first quarter worth about $25,000. Global X Japan Co. Ltd. boosted its stake in shares of Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Smartleaf Asset Management LLC grew 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 valued at $31,000 after purchasing an additional 92 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new position in Chart Industries during the 4th quarter worth approximately $34,000.

Analysts Set New Price Targets

A number of analysts have weighed in on GTLS shares. Stifel Nicolaus decreased their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective 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. TD Cowen lowered their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company 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 research note on Friday, May 16th. Finally, The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Two investment 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, Chart Industries has an average rating of "Buy" and a consensus target price of $200.00.

Chart Industries Trading Up 1.2%

Shares of Chart Industries stock traded up $1.96 during midday trading on Friday, reaching $170.11. The company had a trading volume of 1,055,915 shares, compared to its average volume of 784,405. The stock has a fifty day moving average price of $155.74 and a 200 day moving average price of $166.77. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The firm has a market cap of $7.77 billion, a PE ratio of 34.36, a P/E/G ratio of 0.68 and a beta of 1.68. 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 issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The company's revenue for the quarter was up 38.8% on a year-over-year basis. On average, equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Chart Industries 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.