Charles Schwab Investment Management Inc. increased its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 536,423 shares of the industrial products company's stock after purchasing an additional 18,338 shares during the period. Charles Schwab Investment Management Inc. owned 1.19% of Chart Industries worth $77,438,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in GTLS. Wolf Hill Capital Management LP purchased a new stake in shares of Chart Industries in the fourth quarter valued at $101,121,000. Dimensional Fund Advisors LP grew its position in 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 valued at $203,178,000 after acquiring an additional 291,520 shares during the period. Engaged Capital LLC purchased a new stake in Chart Industries during the fourth quarter valued at about $42,900,000. Frontier Capital Management Co. LLC grew its position in 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 valued at $44,670,000 after acquiring an additional 211,134 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in Chart Industries during the fourth quarter valued at about $36,545,000.
Chart Industries Stock Performance
GTLS traded up $0.62 during trading hours on Monday, hitting $198.84. The company's stock had a trading volume of 773,535 shares, compared to its average volume of 1,330,311. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $8.94 billion, a PE ratio of 36.96, a PEG ratio of 1.15 and a beta of 1.59. The company has a 50-day simple moving average of $171.04 and a 200 day simple moving average of $162.60.
Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on GTLS shares. UBS Group reissued a "neutral" rating and set a $210.00 price target (down previously from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Raymond James Financial reissued a "market perform" rating on shares of Chart Industries in a research report on Wednesday, July 30th. Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. TD Cowen downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Lake Street Capital downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price for the company. in a research report on Wednesday, July 30th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Chart Industries currently has an average rating of "Hold" and a consensus target price of $202.00.
Read Our Latest Analysis on Chart Industries
About Chart Industries
(
Free Report)
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.
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