A. D. Beadell Investment Counsel Inc. purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 5,470 shares of the industrial products company’s stock, valued at approximately $874,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of GTLS. Belpointe Asset Management LLC boosted its stake in shares of Chart Industries by 164.6% during the first quarter. Belpointe Asset Management LLC now owns 217 shares of the industrial products company’s stock worth $27,000 after buying an additional 135 shares during the period. KB Financial Partners LLC acquired a new stake in Chart Industries during the 1st quarter worth approximately $28,000. Manchester Capital Management LLC grew its stake in shares of Chart Industries by 2,076.9% in the 1st quarter. Manchester Capital Management LLC now owns 566 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 540 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Chart Industries in the fourth quarter valued at approximately $73,000. Finally, Compagnie Lombard Odier SCmA raised its stake in shares of Chart Industries by 100.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 350 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on GTLS. Raymond James lifted their price objective on shares of Chart Industries from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. 22nd Century Group reiterated a “maintains” rating on shares of Chart Industries in a research note on Friday, June 30th. StockNews.com initiated coverage on shares of Chart Industries in a report on Wednesday, August 23rd. They set a “sell” rating for the company. Wells Fargo & Company raised Chart Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $162.00 to $224.00 in a report on Wednesday, August 9th. Finally, Citigroup raised their price target on Chart Industries from $200.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Chart Industries has an average rating of “Moderate Buy” and an average target price of $201.93.
Chart Industries Price Performance
GTLS traded up $0.95 during trading on Tuesday, reaching $172.21. 83,943 shares of the stock were exchanged, compared to its average volume of 610,731. Chart Industries, Inc. has a 1 year low of $101.44 and a 1 year high of $242.59. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of -372.69, a P/E/G ratio of 0.62 and a beta of 1.56. The business’s 50 day moving average price is $169.65 and its two-hundred day moving average price is $141.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.38 and a quick ratio of 1.04.
Chart Industries (NYSE:GTLS – Get Free Report) last issued its quarterly earnings data on Friday, July 28th. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.25. Chart Industries had a negative net margin of 0.28% and a positive return on equity of 8.21%. The firm had revenue of $908.10 million for the quarter, compared to analysts’ expectations of $971.28 million. During the same period in the prior year, the company earned $0.88 EPS. The firm’s revenue was up 124.3% on a year-over-year basis. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 6.28 earnings per share for the current year.
Chart Industries Profile
Chart Industries, Inc manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets 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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