Everence Capital Management Inc. Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Everence Capital Management Inc. purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,360 shares of the industrial products company’s stock, valued at approximately $260,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Chart Industries by 74.0% in the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 247 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after purchasing an additional 32,442 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after purchasing an additional 15,862 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Chart Industries by 0.9% during the 3rd quarter. Retirement Systems of Alabama now owns 114,841 shares of the industrial products company’s stock valued at $14,256,000 after buying an additional 996 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Chart Industries during the third quarter worth approximately $251,000.

Chart Industries Stock Down 3.0 %

GTLS stock opened at $199.95 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm’s 50-day simple moving average is $181.04 and its 200 day simple moving average is $148.26. The stock has a market cap of $8.56 billion, a PE ratio of 57.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $210.66.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on GTLS shares. Craig Hallum increased 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. Barclays reduced their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. The Goldman Sachs Group upped their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. BTIG Research lifted their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

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.