Texas Yale Capital Corp. Invests $1.24 Million in Chart Industries, Inc. (NYSE:GTLS)

Key Points

• Texas Yale Capital Corp. invested approximately $1.24 million in Chart Industries, purchasing 8,600 shares during the first quarter, according to their 13F filing with the SEC.
• Multiple large investors have increased their stakes in Chart Industries, reflecting growing interest, with Oppenheimer Asset Management and the State of Michigan Retirement System also expanding their holdings.
• Chart Industries reported a 38.8% increase in revenue year-over-year and beat analysts' EPS estimates for the quarter, indicating strong performance in their sector.

Texas Yale Capital Corp. purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,600 shares of the industrial products company's stock, valued at approximately $1,241,000.

A number of other large investors have also modified their holdings of the business. First Manhattan CO. LLC. grew its stake in shares of Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after acquiring an additional 54 shares during the last quarter. Xponance Inc. grew its stake in shares of Chart Industries by 1.4% during the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company's stock worth $883,000 after acquiring an additional 85 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Chart Industries by 1.5% during 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% during 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% during 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.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of research reports. TD Cowen decreased their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Barclays decreased their target price on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Wells Fargo & Company decreased their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. Morgan Stanley decreased their target price on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries presently has an average rating of "Buy" and a consensus price target of $199.82.

Chart Industries Trading Up 0.8%

Shares of NYSE:GTLS opened at $171.82 on Monday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a market capitalization of $7.85 billion, a PE ratio of 34.71, a PEG ratio of 0.67 and a beta of 1.68. The business has a 50 day moving average of $159.38 and a two-hundred day moving average of $163.98. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The business's revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. As a group, analysts forecast 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.

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