Journey Strategic Wealth LLC Invests $247,000 in Chart Industries, Inc. (NYSE:GTLS)

Journey Strategic Wealth LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,295 shares of the industrial products company’s stock, valued at approximately $247,000.

Several other institutional investors have also recently made changes to their positions in GTLS. Wellington Management Group LLP boosted its holdings in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares during the period. Victory Capital Management Inc. lifted its holdings in Chart Industries by 27.4% in the third quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock worth $48,258,000 after buying an additional 83,685 shares during the period. Stifel Financial Corp lifted its holdings in Chart Industries by 34.9% in the third quarter. Stifel Financial Corp now owns 253,665 shares of the industrial products company’s stock worth $31,490,000 after buying an additional 65,615 shares during the period. Pier Capital LLC purchased a new stake in Chart Industries in the third quarter worth about $7,388,000. Finally, Bridgewater Associates LP purchased a new stake in Chart Industries in the third quarter worth about $7,137,000.

Chart Industries Trading Down 1.3 %

Shares of Chart Industries stock opened at $208.88 on Tuesday. The company’s fifty day simple moving average is $199.30 and its 200-day simple moving average is $156.43. The stock has a market capitalization of $8.94 billion, a PE ratio of 60.54, a P/E/G ratio of 0.63 and a beta of 1.84. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last released its 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 firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $1.28 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. As a group, equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. BTIG Research raised their price target 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. The Goldman Sachs Group lifted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Barclays cut their target price 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. Finally, Bank of America cut their target price 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. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.75.

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.