Dorsey Wright & Associates Buys Shares of 8,892 Chart Industries, Inc. (NYSE:GTLS)

Dorsey Wright & Associates bought a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,892 shares of the industrial products company's stock, valued at approximately $1,284,000.

A number of other large investors have also recently made changes to their positions in GTLS. Commonwealth Equity Services LLC boosted its stake in shares of Chart Industries by 4.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,569 shares of the industrial products company's stock worth $1,444,000 after buying an additional 326 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Chart Industries by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company's stock valued at $356,000 after acquiring an additional 114 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Chart Industries by 13.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,158 shares of the industrial products company's stock valued at $2,129,000 after acquiring an additional 1,281 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Chart Industries during the 4th quarter valued at approximately $2,137,000. Finally, LPL Financial LLC raised its stake in Chart Industries by 47.3% during the 4th quarter. LPL Financial LLC now owns 21,143 shares of the industrial products company's stock valued at $4,035,000 after acquiring an additional 6,785 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on GTLS shares. TD Cowen reduced their price objective 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. 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. Morgan Stanley reduced their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Wells Fargo & Company reduced their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Finally, Barclays cut their target price on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Two 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $199.82.

Chart Industries Stock Up 0.8%

Shares of NYSE GTLS traded up $1.34 during midday trading on Friday, reaching $171.82. 333,584 shares of the company's stock were exchanged, compared to its average volume of 707,462. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The stock has a market capitalization of $7.85 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.66 and a beta of 1.68. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. The business's fifty day moving average price is $159.38 and its two-hundred day moving average price is $164.50.

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

Chart Industries Company 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.