EdgeRock Capital LLC Acquires 1,858 Shares of Chart Industries, Inc. (NYSE:GTLS)

EdgeRock Capital LLC grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 78.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,238 shares of the industrial products company's stock after purchasing an additional 1,858 shares during the quarter. EdgeRock Capital LLC's holdings in Chart Industries were worth $612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolf Hill Capital Management LP bought a new position in shares of Chart Industries in the fourth quarter valued at approximately $101,121,000. Norges Bank bought a new position in shares of Chart Industries in the fourth quarter valued at approximately $88,609,000. Dimensional Fund Advisors LP raised its stake in Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after purchasing an additional 291,520 shares in the last quarter. Keybank National Association OH raised its stake in Chart Industries by 10,372.6% in the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock valued at $47,087,000 after purchasing an additional 244,378 shares in the last quarter. Finally, Engaged Capital LLC purchased a new stake in Chart Industries in the fourth quarter valued at approximately $42,900,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GTLS shares. Barclays raised 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. Stifel Nicolaus lowered their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company decreased 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. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, TD Cowen decreased their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. 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 company's stock. According to MarketBeat.com, Chart Industries currently has an average rating of "Buy" and an average price target of $200.00.

Chart Industries Trading Down 2.8%

NYSE:GTLS traded down $4.13 during trading hours on Friday, hitting $143.87. The company had a trading volume of 833,739 shares, compared to its average volume of 754,263. The company has a market capitalization of $6.57 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 0.57 and a beta of 1.71. The stock has a 50-day moving average price of $147.04 and a 200 day moving average price of $170.79. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 earnings per share. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal 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.