Sheets Smith Wealth Management Acquires 3,223 Shares of Chart Industries, Inc. (NYSE:GTLS)

Sheets Smith Wealth Management lifted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 38.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,612 shares of the industrial products company’s stock after purchasing an additional 3,223 shares during the quarter. Sheets Smith Wealth Management’s holdings in Chart Industries were worth $2,216,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in Chart Industries by 26.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after purchasing an additional 2,000 shares during the last quarter. Enclave Advisors LLC bought a new position in Chart Industries during the fourth quarter worth about $229,000. Ameritas Advisory Services LLC acquired a new stake in shares of Chart Industries in the 4th quarter valued at approximately $211,000. Wealthcare Advisory Partners LLC grew its holdings in Chart Industries by 21.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 3,916 shares of the industrial products company’s stock valued at $747,000 after purchasing an additional 681 shares during the period. Finally, Beech Hill Advisors Inc. raised its holdings in Chart Industries by 2.4% in the fourth quarter. Beech Hill Advisors Inc. now owns 23,523 shares of the industrial products company’s stock worth $4,489,000 after purchasing an additional 552 shares during the period.

Chart Industries Stock Up 2.0 %

GTLS opened at $218.60 on Wednesday. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week 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. The company’s 50-day moving average is $192.63 and its 200 day moving average is $152.80. The firm has a market capitalization of $9.36 billion, a P/E ratio of 63.36, a PEG ratio of 0.64 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Wells Fargo & Company cut their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Craig Hallum lifted their price target 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. Bank of America decreased 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 note on Monday, October 14th. Finally, The Goldman Sachs Group raised their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Three research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.