Park Avenue Securities LLC Purchases Shares of 2,150 Chart Industries, Inc. (NYSE:GTLS)

Park Avenue Securities LLC acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLSFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,150 shares of the industrial products company’s stock, valued at approximately $410,000.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Chart Industries during the third quarter worth about $34,000. UMB Bank n.a. raised its holdings in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares in the last quarter. Ecofi Investissements SA bought a new position in shares of Chart Industries during the 2nd quarter worth approximately $50,000. GAMMA Investing LLC boosted its stake in Chart Industries by 74.0% in the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after buying an additional 247 shares in the last quarter. Finally, Mendota Financial Group LLC raised its stake in Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 203 shares in the last quarter.

Analyst Ratings Changes

GTLS has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. 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. Bank of America dropped their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Stifel Nicolaus increased their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Finally, The Goldman Sachs Group boosted their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Three investment 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.75.

Check Out Our Latest Research Report on GTLS

Chart Industries Trading Up 1.1 %

Shares of NYSE GTLS opened at $218.41 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company’s fifty day moving average is $195.45 and its 200-day moving average is $154.22. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 63.31, a P/E/G ratio of 0.64 and a beta of 1.84.

Chart Industries (NYSE:GTLSGet Free Report) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. Equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Chart Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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