GAMMA Investing LLC Grows Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

GAMMA Investing LLC increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 74.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 581 shares of the industrial products company’s stock after acquiring an additional 247 shares during the period. GAMMA Investing LLC’s holdings in Chart Industries were worth $111,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in Chart Industries during the third quarter worth about $34,000. UMB Bank n.a. raised its position in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares during the last quarter. Ecofi Investissements SA acquired a new position in Chart Industries during the second quarter worth about $50,000. Itau Unibanco Holding S.A. acquired a new position in Chart Industries during the second quarter worth about $91,000. Finally, Mendota Financial Group LLC raised its position 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 during the last quarter.

Chart Industries Price Performance

Chart Industries stock opened at $195.11 on Friday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $210.66. The firm has a 50 day moving average price of $184.24 and a 200 day moving average price of $149.00. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 56.55, a PEG ratio of 1.01 and a beta of 1.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. Chart Industries’s quarterly revenue was up 18.3% compared to the same quarter last year. Sell-side analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Analysts Set New Price Targets

GTLS has been the subject of a number of analyst reports. BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Barclays cut their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Wells Fargo & Company cut their price objective 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. Finally, Craig Hallum boosted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $188.75.

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.