Y Intercept Hong Kong Ltd Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

Y Intercept Hong Kong Ltd purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,086 shares of the industrial products company’s stock, valued at approximately $398,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. King Luther Capital Management Corp increased its stake in shares of Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after buying an additional 29,139 shares during the period. Geode Capital Management LLC increased its stake in shares of Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after buying an additional 19,534 shares during the period. Principal Financial Group Inc. increased its stake in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares during the period. Fisher Asset Management LLC increased its stake in shares of Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after buying an additional 13,181 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after buying an additional 262,592 shares during the period.

Chart Industries Stock Down 13.9 %

Shares of NYSE:GTLS opened at $163.97 on Tuesday. The business’s 50 day simple moving average is $199.18 and its two-hundred day simple moving average is $164.01. The firm has a market cap of $7.02 billion, a P/E ratio of 47.53, a PEG ratio of 0.57 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, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business earned $2.25 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GTLS has been the subject of several recent research reports. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. TD Cowen raised their target price on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group raised their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, BTIG Research raised their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and an average price target of $192.54.

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.