Peregrine Capital Management LLC Has $11.44 Million Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Peregrine Capital Management LLC increased its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 12.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,262 shares of the industrial products company's stock after purchasing an additional 8,634 shares during the period. Peregrine Capital Management LLC owned 0.18% of Chart Industries worth $11,442,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd bought a new stake in Chart Industries in the 4th quarter valued at about $398,000. Oppenheimer Asset Management Inc. raised its stake in Chart Industries by 2.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 6,683 shares of the industrial products company's stock valued at $1,275,000 after acquiring an additional 152 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Chart Industries during the 4th quarter valued at $4,298,000. Versor Investments LP boosted its position in Chart Industries by 68.1% during the 4th quarter. Versor Investments LP now owns 2,798 shares of the industrial products company's stock worth $534,000 after acquiring an additional 1,134 shares during the period. Finally, Verus Capital Partners LLC bought a new position in shares of Chart Industries in the fourth quarter worth $234,000.

Chart Industries Trading Down 1.3%

GTLS stock traded down $2.20 during trading on Tuesday, hitting $162.45. The company had a trading volume of 1,353,748 shares, compared to its average volume of 778,726. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 0.64 and a beta of 1.68. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $152.68 and a 200-day moving average price of $167.32.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on GTLS shares. TD Cowen decreased their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Barclays lifted their target price on shares of Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Morgan Stanley lowered their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, Wells Fargo & Company cut their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $200.00.

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.