Lisanti Capital Growth LLC Sells 77,755 Shares of Chart Industries, Inc. (NYSE:GTLS)

Lisanti Capital Growth LLC reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 82.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,190 shares of the industrial products company’s stock after selling 77,755 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Chart Industries were worth $2,207,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Nordea Investment Management AB raised its holdings in shares of Chart Industries by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after purchasing an additional 101,404 shares during the period. Federated Hermes Inc. raised its stake in Chart Industries by 0.4% in the 4th quarter. Federated Hermes Inc. now owns 594,389 shares of the industrial products company’s stock valued at $81,033,000 after acquiring an additional 2,151 shares during the period. Northern Trust Corp lifted its holdings in Chart Industries by 3.2% during the third quarter. Northern Trust Corp now owns 567,860 shares of the industrial products company’s stock valued at $96,036,000 after purchasing an additional 17,681 shares during the last quarter. Scout Investments Inc. boosted its position in Chart Industries by 19.1% during the third quarter. Scout Investments Inc. now owns 555,921 shares of the industrial products company’s stock worth $92,655,000 after purchasing an additional 89,141 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Chart Industries by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 455,506 shares of the industrial products company’s stock worth $77,035,000 after purchasing an additional 14,616 shares in the last quarter.

Chart Industries Price Performance

NYSE GTLS traded up $2.30 during trading hours on Tuesday, reaching $160.30. 794,360 shares of the stock traded hands, compared to its average volume of 617,965. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. The stock has a 50 day simple moving average of $151.04 and a two-hundred day simple moving average of $135.85. Chart Industries, Inc. has a 1 year low of $106.66 and a 1 year high of $184.65. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 157.91, a price-to-earnings-growth ratio of 0.43 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). The firm had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business’s quarterly revenue was up 76.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. On average, analysts predict that Chart Industries, Inc. will post 11.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GTLS shares. TD Cowen raised their price objective on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus dropped their price objective on Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a report on Monday. Piper Sandler lifted their target price on Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company increased their price target on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.46.

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.