Kovack Advisors Inc. Grows Position in Chart Industries, Inc. (NYSE:GTLS)

Kovack Advisors Inc. boosted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 80.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,010 shares of the industrial products company’s stock after buying an additional 4,025 shares during the period. Kovack Advisors Inc.’s holdings in Chart Industries were worth $1,484,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in shares of Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock valued at $268,088,000 after purchasing an additional 101,404 shares during the last quarter. 1492 Capital Management LLC purchased a new stake in shares of Chart Industries in the fourth quarter worth about $1,509,000. Vontobel Holding Ltd. grew its holdings in Chart Industries by 10.4% during the 4th quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock valued at $19,055,000 after buying an additional 13,155 shares in the last quarter. GW&K Investment Management LLC grew its holdings in Chart Industries by 13.0% during the 4th quarter. GW&K Investment Management LLC now owns 393,223 shares of the industrial products company’s stock valued at $53,608,000 after buying an additional 45,215 shares in the last quarter. Finally, Greenwood Capital Associates LLC grew its holdings in Chart Industries by 21.6% during the 4th quarter. Greenwood Capital Associates LLC now owns 84,962 shares of the industrial products company’s stock valued at $11,583,000 after buying an additional 15,078 shares in the last quarter.

Analyst Ratings Changes

GTLS has been the subject of a number of recent research reports. Barclays began coverage on shares of Chart Industries in a report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 target price for the company. TD Cowen lifted their price objective on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Morgan Stanley initiated coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price on the stock. UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Finally, Piper Sandler upped their price objective on Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and an average price target of $197.92.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $145.08 on Friday. The stock’s fifty day moving average is $149.10 and its two-hundred day moving average is $142.25. The company has a market capitalization of $6.21 billion, a PE ratio of 145.08, a price-to-earnings-growth ratio of 0.40 and a beta of 1.74. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. Chart Industries, Inc. has a 52 week low of $109.48 and a 52 week high of $184.65.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The company had revenue of $950.70 million during the quarter, compared to the consensus estimate of $970.91 million. During the same quarter in the previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. As a group, analysts expect that Chart Industries, Inc. will post 11.94 earnings per share 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.