Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 1.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,645 shares of the industrial products company’s stock after buying an additional 177 shares during the quarter. HighTower Advisors LLC’s holdings in Chart Industries were worth $1,567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. King Luther Capital Management Corp boosted its stake in Chart Industries by 2.9% in the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after purchasing an additional 29,139 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after buying an additional 13,181 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Chart Industries by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company’s stock worth $62,304,000 after buying an additional 11,706 shares during the period. Finally, Perpetual Ltd grew its holdings in shares of Chart Industries by 7.3% during the third quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock valued at $62,102,000 after buying an additional 34,153 shares in the last quarter.

Chart Industries Stock Up 0.0 %

GTLS stock opened at $197.87 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market cap of $8.47 billion, a PE ratio of 57.35, a PEG ratio of 1.01 and a beta of 1.86. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $201.10. The company has a fifty day simple moving average of $157.96 and a 200 day simple moving average of $142.63.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $1.28 EPS. The business’s revenue was up 18.3% compared to the same quarter last year. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group lowered their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Craig Hallum upped their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Raymond James reissued a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

About Chart Industries

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.