Crestwood Advisors Group LLC Invests $1.36 Million in Chart Industries, Inc. (NYSE:GTLS)

Crestwood Advisors Group LLC bought a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,442 shares of the industrial products company's stock, valued at approximately $1,363,000.

A number of other institutional investors have also added to or reduced their stakes in GTLS. Capital Analysts LLC bought a new stake in Chart Industries in the 4th quarter worth $25,000. Opal Wealth Advisors LLC purchased a new position in Chart Industries during the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. raised its position in Chart Industries by 142.9% during 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 during the last quarter. Hughes Financial Services LLC purchased a new stake in Chart Industries in the 1st quarter worth approximately $44,000. Finally, Byrne Asset Management LLC bought a new stake in shares of Chart Industries in the 1st quarter worth approximately $45,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GTLS. Barclays set a $169.00 target price on shares of Chart Industries and gave the company an "equal weight" rating in a report on Thursday, July 10th. TD Cowen lowered their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company dropped 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 note on Tuesday, April 1st. Morgan Stanley reduced their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Finally, The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $199.82.

Chart Industries Trading Up 0.8%

GTLS opened at $168.70 on Wednesday. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 0.65 and a beta of 1.68. The stock's 50 day moving average price is $159.61 and its 200-day moving average price is $165.08. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion for 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%. Chart Industries's revenue was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 earnings per share. On average, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.

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