Dimensional Fund Advisors LP Purchases 8,697 Shares of Chart Industries, Inc. $GTLS

Key Points

• Dimensional Fund Advisors LP increased its stake in Chart Industries by 0.7%, buying 8,697 shares to own 1,216,271 shares (about 2.71% of the company) valued at $243.43 million.
• Other institutions also shifted positions—most notably Alpine Associates boosted its stake 590.3% to 509,110 shares (adding 435,359), while Norges Bank opened a new ~$92.9M position and Geode, Charles Schwab and BNY Mellon made additional buys.
• Chart recently missed quarterly estimates (EPS $2.51 vs. $3.48; revenue $1.08B vs. $1.23B), trades near its 52-week high (~$208) with a $9.92B market cap and an unusually high trailing P/E (~797), and carries an average analyst rating of Hold (average target $204.10).

Dimensional Fund Advisors LP grew its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,216,271 shares of the industrial products company's stock after buying an additional 8,697 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.71% of Chart Industries worth $243,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GTLS. Geode Capital Management LLC boosted its holdings in shares of Chart Industries by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company's stock worth $178,804,000 after acquiring an additional 65,078 shares in the last quarter. Norges Bank acquired a new stake in Chart Industries during the 2nd quarter valued at $92,901,000. Charles Schwab Investment Management Inc. raised its position in Chart Industries by 4.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company's stock valued at $92,036,000 after purchasing an additional 22,556 shares during the last quarter. Alpine Associates Management Inc. raised its position in Chart Industries by 590.3% in the 3rd quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company's stock valued at $101,898,000 after purchasing an additional 435,359 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Chart Industries by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 327,153 shares of the industrial products company's stock worth $53,866,000 after purchasing an additional 18,190 shares during the last quarter.

Chart Industries Stock Performance

GTLS stock opened at $207.23 on Friday. The company has a 50 day moving average price of $207.06 and a 200 day moving average price of $203.43. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $208.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.15. The stock has a market capitalization of $9.92 billion, a PE ratio of 797.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.73.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing analysts' consensus estimates of $3.48 by ($0.97). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.66 earnings per share. Analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of research reports. Zacks Research upgraded Chart Industries from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of Chart Industries in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Chart Industries currently has an average rating of "Hold" and an average target price of $204.10.

Chart Industries Company Profile

Chart Industries, Inc NYSE: GTLS is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart's product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.

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