Dynamic Technology Lab Private Ltd Acquires New Position in Chart Industries, Inc. $GTLS

Key Points

• Dynamic Technology Lab Private Ltd has acquired 11,401 shares of Chart Industries, Inc. ($GTLS), valued at approximately $1,646,000, during the 1st quarter of the year.
• Chart Industries reported $2.59 EPS for the last quarter, missing the consensus estimate of $2.62, with revenues of $1.08 billion compared to expected $1.11 billion.
• Analysts have mixed views on Chart Industries, with five rating it as a Buy and twelve issuing a Hold rating, while the average price target is set at $202.00.

Dynamic Technology Lab Private Ltd bought a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,401 shares of the industrial products company's stock, valued at approximately $1,646,000.

Other institutional investors have also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Chart Industries in the 4th quarter valued at $202,000. Mercer Global Advisors Inc. ADV boosted its holdings in Chart Industries by 244.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,464 shares of the industrial products company's stock valued at $1,233,000 after acquiring an additional 4,589 shares during the last quarter. Cetera Investment Advisers grew its position in Chart Industries by 44.4% during the fourth quarter. Cetera Investment Advisers now owns 8,451 shares of the industrial products company's stock valued at $1,613,000 after acquiring an additional 2,597 shares during the period. Deutsche Bank AG increased its stake in Chart Industries by 46.8% during the fourth quarter. Deutsche Bank AG now owns 173,444 shares of the industrial products company's stock worth $33,100,000 after acquiring an additional 55,293 shares during the last quarter. Finally, First Manhattan CO. LLC. raised its holdings in shares of Chart Industries by 3.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after purchasing an additional 54 shares during the period.

Chart Industries Stock Down 0.1%

NYSE GTLS traded down $0.19 during mid-day trading on Wednesday, reaching $199.15. 1,101,398 shares of the company's stock traded hands, compared to its average volume of 1,821,028. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a fifty day simple moving average of $187.44 and a 200-day simple moving average of $162.84. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 1.15 and a beta of 1.67.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. As a group, equities research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GTLS shares. Raymond James Financial reiterated a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Citigroup lowered shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Friday. Cowen lowered shares of Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Barclays cut their price objective on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Four equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of "Hold" and an average target price of $202.00.

Chart Industries 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.