Jefferson Bridge Capital LLC Buys Shares of 6,381 Chart Industries, Inc. $GTLS

Key Points

• Jefferson Bridge Capital LLC bought a new stake of 6,381 shares in Chart Industries (NYSE:GTLS) during Q4, valued at about $1.316 million per its latest 13F filing.
• Several large institutions sharply increased positions in Chart—most notably Balyasny Asset Management (+975,501 shares), Millennium Management and Dimensional Fund Advisors—indicating significant institutional accumulation.
• Chart missed quarterly expectations with $2.51 EPS (vs. $3.48 expected) and $1.08B revenue (vs. $1.23B expected); the stock trades near $207, has a market cap of ~$9.92B and a consensus analyst rating of Hold (price target $203.67).

Jefferson Bridge Capital LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,381 shares of the industrial products company's stock, valued at approximately $1,316,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Chart Industries by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company's stock valued at $243,433,000 after purchasing an additional 8,697 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Chart Industries by 2,251.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company's stock worth $203,919,000 after buying an additional 975,501 shares during the last quarter. Millennium Management LLC lifted its position in shares of Chart Industries by 222.7% in the third quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company's stock worth $162,895,000 after buying an additional 561,622 shares during the last quarter. Alpine Associates Management Inc. lifted its position in shares of Chart Industries by 590.3% in the third quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company's stock worth $101,898,000 after buying an additional 435,359 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Chart Industries in the third quarter worth about $92,938,000.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $207.22 on Wednesday. Chart Industries, Inc. has a fifty-two week low of $110.06 and a fifty-two week high of $208.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. The stock has a market capitalization of $9.92 billion, a P/E ratio of 797.04, a P/E/G ratio of 0.81 and a beta of 1.70. The business has a 50-day moving average of $207.12 and a two-hundred day moving average of $204.70.

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

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Chart Industries in a research report on Friday, March 27th. Wall Street Zen raised Chart Industries to a "hold" rating in a research report on Saturday. Finally, Zacks Research cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chart Industries currently has a consensus rating of "Hold" and a consensus price target of $203.67.

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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