Simon Quick Advisors LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Simon Quick Advisors LLC acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,342 shares of the industrial products company’s stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GTLS. Sheets Smith Wealth Management grew its position in shares of Chart Industries by 38.4% during the 4th quarter. Sheets Smith Wealth Management now owns 11,612 shares of the industrial products company’s stock valued at $2,216,000 after purchasing an additional 3,223 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after buying an additional 2,000 shares during the period. Enclave Advisors LLC purchased a new position in Chart Industries during the fourth quarter worth about $229,000. Ameritas Advisory Services LLC bought a new position in Chart Industries in the 4th quarter worth about $211,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Chart Industries by 21.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 3,916 shares of the industrial products company’s stock valued at $747,000 after acquiring an additional 681 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GTLS shares. Raymond James reissued a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Bank of America cut their price target 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. Stifel Nicolaus increased their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. BTIG Research lifted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Barclays reduced their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Three investment 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Trading Up 1.1 %

Shares of GTLS stock opened at $218.41 on Friday. 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 business has a 50-day moving average of $195.45 and a 200 day moving average of $154.22. The stock has a market capitalization of $9.35 billion, a PE ratio of 63.31, a P/E/G ratio of 0.64 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.

Chart Industries (NYSE:GTLS) last issued its earnings results 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current 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.