Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates Inc. increased its holdings in Chart Industries by 101.2%, owning 374,722 shares valued at approximately $54.1 million at the end of the 1st quarter.
• Chart Industries has seen several analysts adjust their price targets, with the average target now at $199.82, and the stock currently holds a rating of "Buy."
• The company's recent earnings report showed an EPS of $1.86, beating expectations, and revenues increased by 38.8% compared to the same quarter last year, reaching $1 billion.

Van Berkom & Associates Inc. raised its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 101.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 374,722 shares of the industrial products company's stock after acquiring an additional 188,477 shares during the quarter. Van Berkom & Associates Inc. owned approximately 0.83% of Chart Industries worth $54,095,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Hedeker Wealth LLC grew its position in shares of Chart Industries by 1.5% during the first quarter. Hedeker Wealth LLC now owns 14,975 shares of the industrial products company's stock worth $2,162,000 after purchasing an additional 225 shares in the last quarter. Dorsey Wright & Associates purchased a new position in Chart Industries during the 1st quarter valued at approximately $1,284,000. 1492 Capital Management LLC grew its holdings in Chart Industries by 3.4% during the 1st quarter. 1492 Capital Management LLC now owns 11,666 shares of the industrial products company's stock valued at $1,684,000 after buying an additional 379 shares in the last quarter. AE Wealth Management LLC purchased a new position in Chart Industries during the 1st quarter valued at approximately $227,000. Finally, Blume Capital Management Inc. lifted its stake in shares of Chart Industries by 1.1% in the 1st quarter. Blume Capital Management Inc. now owns 17,807 shares of the industrial products company's stock valued at $2,571,000 after purchasing an additional 190 shares during the last quarter.

Chart Industries Stock Performance

GTLS traded up $0.29 on Wednesday, reaching $199.09. 3,744,966 shares of the stock were exchanged, compared to its average volume of 931,065. The company's 50-day moving average price is $160.07 and its 200 day moving average price is $164.06. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. The firm has a market capitalization of $9.10 billion, a PE ratio of 40.22, a PEG ratio of 0.67 and a beta of 1.68.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. As a group, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GTLS shares. Johnson Rice reissued a "hold" rating and set a $210.00 price target on shares of Chart Industries in a research note on Wednesday. Stifel Nicolaus decreased their price target on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. TD Cowen reduced their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group restated a "neutral" rating and set a $210.00 price objective (down from $225.00) on shares of Chart Industries in a report on Wednesday. Finally, Barclays reduced their price objective on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chart Industries currently has an average rating of "Moderate Buy" and an average target price of $201.38.

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.