Private Advisor Group LLC Increases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• Private Advisor Group LLC significantly increased its holdings in Chart Industries, Inc. by 765.3%, owning 11,102 shares valued at approximately $1.60 million by the end of the first quarter.
• Chart Industries received mixed ratings from analysts, with target price revisions from various firms, including Wells Fargo and Barclays, reflecting a consensus target price of $199.82 and an average rating of "Buy".
• The company reported earnings of $1.86 per share for the last quarter, surpassing estimates and achieving a revenue growth of 38.8% year-over-year, totaling $1 billion.

Private Advisor Group LLC increased its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 765.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,102 shares of the industrial products company's stock after acquiring an additional 9,819 shares during the quarter. Private Advisor Group LLC's holdings in Chart Industries were worth $1,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Manhattan CO. LLC. raised its holdings in Chart Industries by 3.1% in the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after purchasing an additional 54 shares in the last quarter. Xponance Inc. raised its holdings in Chart Industries by 1.4% in the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock worth $883,000 after purchasing an additional 85 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Chart Industries by 1.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock worth $979,000 after acquiring an additional 98 shares during the last quarter. Global X Japan Co. Ltd. grew 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 acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Chart Industries by 1.0% in the first quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company's stock worth $1,458,000 after acquiring an additional 100 shares during the last quarter.

Chart Industries Price Performance

GTLS stock traded down $0.45 during mid-day trading on Monday, reaching $171.34. 232,347 shares of the company's stock were exchanged, compared to its average volume of 768,481. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.68. The stock's 50 day moving average is $159.38 and its 200 day moving average is $163.98. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The business's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. On average, research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on GTLS. Wells Fargo & Company cut their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. TD Cowen dropped their target price 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. Morgan Stanley decreased their target price on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Finally, Barclays decreased their target price on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of "Buy" and a consensus price target of $199.82.

About Chart Industries

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.