Chart Industries, Inc. (NYSE:GTLS) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC increased its position in Chart Industries, Inc. (NYSE:GTLS) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,974 shares of the industrial products company’s stock after acquiring an additional 63 shares during the period. MML Investors Services LLC’s holdings in Chart Industries were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in shares of Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after purchasing an additional 5,181 shares during the period. SIR Capital Management L.P. boosted its holdings in shares of Chart Industries by 74.7% in the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after acquiring an additional 41,626 shares during the last quarter. 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 worth $73,551,000 after acquiring an additional 13,181 shares during the period. Premier Fund Managers Ltd purchased a new position in shares of Chart Industries during the third quarter worth $733,000. Finally, Blueshift Asset Management LLC acquired a new position in Chart Industries during the third quarter valued at $373,000.

Chart Industries Stock Performance

GTLS opened at $192.02 on Thursday. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 55.66, a PEG ratio of 1.01 and a beta of 1.86. The firm’s fifty day simple moving average is $168.25 and its two-hundred day simple moving average is $144.95. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $204.23.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the topic of several analyst reports. Wells Fargo & Company cut their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Monday, September 16th. Stifel Nicolaus boosted their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group raised their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, Barclays decreased their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Chart Industries has a consensus rating of “Moderate Buy” and an average target price of $186.17.

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.