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

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

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after acquiring an additional 92 shares during the last quarter. Engaged Capital LLC bought a new position in shares of Chart Industries during the 4th quarter valued at about $42,900,000. Nkcfo LLC bought a new position in shares of Chart Industries during the 4th quarter valued at about $668,000. Vanguard Group Inc. increased its position in shares of Chart Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock valued at $820,115,000 after purchasing an additional 59,889 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Chart Industries during the 4th quarter valued at about $581,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GTLS. TD Cowen reduced their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley lowered their target price 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. Barclays raised their target price on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $200.00.

Chart Industries Stock Down 2.8%

NYSE:GTLS traded down $4.13 during trading hours on Friday, reaching $143.87. 833,739 shares of the company traded hands, compared to its average volume of 752,679. The business's 50-day moving average price is $147.04 and its two-hundred day moving average price is $170.96. The stock has a market capitalization of $6.57 billion, a P/E ratio of 41.70, a P/E/G ratio of 0.57 and a beta of 1.71. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

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