Chart Industries, Inc. (NYSE:GTLS) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1,201.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,650 shares of the industrial products company's stock after buying an additional 36,604 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.09% of Chart Industries worth $5,724,000 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 stock. Wolf Hill Capital Management LP purchased a new position in Chart Industries in the fourth quarter worth about $101,121,000. Norges Bank purchased a new position in Chart Industries in the 4th quarter worth approximately $88,609,000. Dimensional Fund Advisors LP lifted its position in Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after acquiring an additional 291,520 shares in the last quarter. Keybank National Association OH boosted its stake in Chart Industries by 10,372.6% during the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock valued at $47,087,000 after purchasing an additional 244,378 shares during the last quarter. Finally, Engaged Capital LLC bought a new stake in shares of Chart Industries in the 4th quarter worth $42,900,000.

Chart Industries Price Performance

Shares of NYSE:GTLS traded up $5.63 on Friday, reaching $168.05. The company's stock had a trading volume of 2,131,151 shares, compared to its average volume of 777,576. The company has a 50-day simple moving average of $150.98 and a 200 day simple moving average of $168.14. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. 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 company has a market cap of $7.68 billion, a P/E ratio of 33.95, a PEG ratio of 0.64 and a beta of 1.71.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Stifel Nicolaus lowered their price target on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. TD Cowen reduced their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, Barclays lifted their target price on shares of Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $200.00.

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.