Rice Hall James & Associates LLC Purchases New Position in Chart Industries, Inc. (NYSE:GTLS)

Rice Hall James & Associates LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 45,975 shares of the industrial products company's stock, valued at approximately $6,637,000. Rice Hall James & Associates LLC owned about 0.10% of Chart Industries at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GTLS. Capital Analysts LLC purchased a new position in shares of Chart Industries in the 4th quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in Chart Industries in the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. boosted its stake in 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 valued at $25,000 after acquiring an additional 100 shares in the last quarter. Hughes Financial Services LLC purchased a new position in Chart Industries in the first quarter worth $44,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Chart Industries during the first quarter worth $45,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GTLS shares. Barclays set a $169.00 price objective on Chart Industries and gave the stock an "equal weight" rating in a research report on Thursday. The Goldman Sachs Group set a $180.00 price target on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. TD Cowen dropped their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company cut their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. 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 research report on Friday, May 16th. 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $199.82.

Chart Industries Stock Performance

NYSE GTLS traded down $1.65 during trading hours on Monday, reaching $166.20. The stock had a trading volume of 431,454 shares, compared to its average volume of 792,771. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The stock has a fifty day moving average of $158.21 and a 200 day moving average of $165.86. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. The stock has a market cap of $7.60 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 0.65 and a beta of 1.68.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS 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 net margin of 5.93% and a return on equity of 13.93%. The business's revenue for the quarter was up 38.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. Sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share 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.