Grantham Mayo Van Otterloo & Co. LLC Purchases 104,358 Shares of Chart Industries, Inc. $GTLS

Key Points

• Grantham Mayo Van Otterloo & Co. LLC increased its stake in Chart Industries by 254.3% in Q3, buying 104,358 additional shares to own 145,401 shares (about 0.32% of the company) valued at roughly $29.1 million.
• Chart Industries missed earnings expectations, reporting EPS of $2.51 versus a $3.48 consensus and revenue of $1.08 billion versus $1.23 billion (revenue down 2.5% YoY); the stock carries a consensus Wall Street rating of "Hold" with a $204.10 price target.

Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 254.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,401 shares of the industrial products company's stock after purchasing an additional 104,358 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.32% of Chart Industries worth $29,102,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. United Community Bank increased its stake in Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company's stock valued at $29,000 after buying an additional 71 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company's stock valued at $27,000 after buying an additional 70 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company's stock valued at $46,000 after buying an additional 163 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in shares of Chart Industries by 36.9% during the third quarter. CI Investments Inc. now owns 271 shares of the industrial products company's stock valued at $54,000 after buying an additional 73 shares during the last quarter.

Chart Industries Trading Down 0.0%

Shares of GTLS stock opened at $207.23 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The firm has a market cap of $9.92 billion, a P/E ratio of 797.07, a PEG ratio of 0.79 and a beta of 1.73. The company has a 50 day moving average of $207.06 and a 200-day moving average of $203.47. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $208.24.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GTLS. Zacks Research upgraded shares of Chart Industries from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 12th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Chart Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $204.10.

Chart Industries 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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