Chart Industries, Inc. (NYSE:GTLS) Stake Increased by Covestor Ltd

Covestor Ltd increased its stake in Chart Industries, Inc. (NYSE:GTLS) by 509.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 372 shares of the industrial products company’s stock after buying an additional 311 shares during the period. Covestor Ltd’s holdings in Chart Industries were worth $61,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. 1492 Capital Management LLC acquired a new position in shares of Chart Industries during the fourth quarter valued at $1,509,000. Vontobel Holding Ltd. boosted its holdings in shares of Chart Industries by 10.4% during the fourth quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock valued at $19,055,000 after acquiring an additional 13,155 shares during the period. GW&K Investment Management LLC boosted its holdings in shares of Chart Industries by 13.0% during the fourth quarter. GW&K Investment Management LLC now owns 393,223 shares of the industrial products company’s stock valued at $53,608,000 after acquiring an additional 45,215 shares during the period. Greenwood Capital Associates LLC boosted its holdings in shares of Chart Industries by 21.6% during the fourth quarter. Greenwood Capital Associates LLC now owns 84,962 shares of the industrial products company’s stock valued at $11,583,000 after acquiring an additional 15,078 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Chart Industries by 49.3% during the fourth quarter. Stifel Financial Corp now owns 125,543 shares of the industrial products company’s stock valued at $17,115,000 after acquiring an additional 41,446 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GTLS shares. Piper Sandler boosted their price target on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Morgan Stanley assumed coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price objective for the company. TD Cowen upped their price target on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a report on Monday, May 6th. Barclays assumed coverage on shares of Chart Industries in a report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 price target for the company. Finally, The Goldman Sachs Group upped their price target on shares of Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.77.

Chart Industries Price Performance

Shares of GTLS opened at $160.81 on Thursday. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 160.81, a P/E/G ratio of 0.49 and a beta of 1.74. Chart Industries, Inc. has a fifty-two week low of $109.48 and a fifty-two week high of $184.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. The business’s 50-day moving average is $149.92 and its 200-day moving average is $144.39.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). The firm had revenue of $950.70 million during the quarter, compared to the consensus estimate of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The company’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 EPS. Equities research analysts expect that Chart Industries, Inc. will post 11.56 EPS for the current fiscal year.

Chart Industries Company 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.