New Age Alpha Advisors LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• New Age Alpha Advisors LLC has acquired a new stake in Chart Industries, Inc., buying 8,509 shares valued at approximately $1.23 million.
• Several hedge funds, including OneDigital Investment Advisors LLC and GAMMA Investing LLC, have increased their positions in Chart Industries, indicating positive momentum for the stock.
• Chart Industries reported earnings of $2.59 per share for the last quarter, missing the consensus estimate by $0.03, with revenues also falling short of expectations at $1.08 billion.

New Age Alpha Advisors LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,509 shares of the industrial products company's stock, valued at approximately $1,228,000.

Other hedge funds also recently made changes to their positions in the company. OneDigital Investment Advisors LLC increased its position in shares of Chart Industries by 13.2% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company's stock worth $292,000 after purchasing an additional 236 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Chart Industries by 118.6% during the 1st quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock worth $183,000 after purchasing an additional 689 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Chart Industries by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company's stock worth $44,602,000 after purchasing an additional 6,681 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Chart Industries by 7.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company's stock worth $8,318,000 after purchasing an additional 3,948 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Chart Industries by 1.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock worth $979,000 after purchasing an additional 98 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GTLS. Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. BTIG Research cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Cowen cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Barclays dropped their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $202.00.

Chart Industries Stock Down 0.1%

Shares of NYSE GTLS opened at $198.86 on Friday. The firm has a market capitalization of $8.94 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The firm's 50-day moving average is $165.59 and its 200-day moving average is $163.81.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Equities analysts expect that Chart Industries, Inc. will post 9.02 EPS 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.

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