Los Angeles Capital Management LLC Purchases Shares of 3,546 Chart Industries, Inc. (NYSE:GTLS)

Los Angeles Capital Management LLC bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,546 shares of the industrial products company’s stock, valued at approximately $584,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GTLS. Cape Investment Advisory Inc. acquired a new position in shares of Chart Industries during the 4th quarter valued at $33,000. Mendota Financial Group LLC acquired a new position in shares of Chart Industries during the 4th quarter valued at $77,000. ICA Group Wealth Management LLC acquired a new position in shares of Chart Industries during the 4th quarter valued at $87,000. Principal Securities Inc. acquired a new position in shares of Chart Industries during the 4th quarter valued at $89,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Chart Industries during the 4th quarter valued at $123,000.

Chart Industries Price Performance

GTLS opened at $144.40 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. Chart Industries, Inc. has a 1-year low of $109.48 and a 1-year high of $184.65. The company has a 50-day moving average of $150.12 and a 200-day moving average of $141.68. The company has a market capitalization of $6.18 billion, a P/E ratio of 144.40, a PEG ratio of 0.39 and a beta of 1.72.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business had revenue of $950.70 million for the quarter, compared to the consensus estimate of $970.91 million. During the same period in the prior year, the company earned $1.41 EPS. Chart Industries’s quarterly revenue was up 76.7% on a year-over-year basis. Equities analysts expect that Chart Industries, Inc. will post 11.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GTLS has been the topic of several recent research reports. Morgan Stanley initiated coverage on shares of Chart Industries in a report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price on the stock. Piper Sandler lifted their price target on shares of Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Stifel Nicolaus dropped their price target on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Wells Fargo & Company lifted their price target on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and an average price target of $197.57.

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.