Vanguard Group Inc. Purchases 39,130 Shares of Chart Industries, Inc. (NYSE:GTLS)

Vanguard Group Inc. grew its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,163,475 shares of the industrial products company’s stock after acquiring an additional 39,130 shares during the period. Vanguard Group Inc. owned about 9.85% of Chart Industries worth $567,607,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in Chart Industries during the 4th quarter valued at $57,415,000. Gates Capital Management Inc. lifted its holdings in Chart Industries by 50.5% in the fourth quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock worth $92,323,000 after buying an additional 227,280 shares during the period. Intrinsic Edge Capital Management LLC purchased a new stake in Chart Industries in the fourth quarter worth about $27,672,000. Nordea Investment Management AB boosted its position in Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock valued at $268,088,000 after acquiring an additional 101,404 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in shares of Chart Industries by 8.6% during the 4th quarter. King Luther Capital Management Corp now owns 930,238 shares of the industrial products company’s stock worth $126,819,000 after acquiring an additional 73,586 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Stifel Nicolaus lowered their price target on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Morgan Stanley started 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 on the stock. Finally, TD Cowen raised their target price on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.57.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $148.24 on Tuesday. The firm’s 50-day moving average price is $150.20 and its 200-day moving average price is $141.54. Chart Industries, Inc. has a 52-week low of $109.48 and a 52-week high of $184.65. The company has a market cap of $6.34 billion, a PE ratio of 148.24, a PEG ratio of 0.40 and a beta of 1.72. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.39). The company had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The company’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. As a group, analysts anticipate that Chart Industries, Inc. will post 11.94 EPS 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.