Hudson Edge Investment Partners Inc. Purchases 2,208 Shares of Chart Industries, Inc. (NYSE:GTLS)

Hudson Edge Investment Partners Inc. increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 53.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,339 shares of the industrial products company's stock after acquiring an additional 2,208 shares during the period. Hudson Edge Investment Partners Inc.'s holdings in Chart Industries were worth $915,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Capital Analysts LLC bought a new position in shares of Chart Industries in the fourth quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Chart Industries in the first quarter worth approximately $25,000. Global X Japan Co. Ltd. lifted its stake in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after buying an additional 100 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after buying an additional 92 shares in the last quarter. Finally, Fairway Wealth LLC bought a new position in shares of Chart Industries in the fourth quarter worth approximately $34,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GTLS shares. Stifel Nicolaus dropped 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 objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. TD Cowen decreased their price objective on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Finally, Morgan Stanley decreased their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $200.00.

Chart Industries Stock Performance

GTLS stock traded up $1.96 during midday trading on Friday, reaching $170.11. 1,055,915 shares of the company's stock traded hands, compared to its average volume of 784,405. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The stock has a market cap of $7.77 billion, a P/E ratio of 34.36, a PEG ratio of 0.68 and a beta of 1.68. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. The stock's 50-day moving average is $155.74 and its 200 day moving average is $166.67.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the company earned $1.49 earnings per share. The firm's revenue was up 38.8% on a year-over-year basis. As a group, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.