Everence Capital Management Inc. Acquires New Holdings in Chart Industries, Inc. (NYSE:GTLS)

Everence Capital Management Inc. bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,360 shares of the industrial products company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds also recently modified their holdings of GTLS. King Luther Capital Management Corp lifted its stake in Chart Industries by 2.9% in the 3rd 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 in the last quarter. Geode Capital Management LLC raised its holdings 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 worth $123,318,000 after acquiring an additional 19,534 shares during the last quarter. Principal Financial Group Inc. lifted its position 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 acquiring an additional 32,442 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Chart Industries by 2.3% during 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 acquiring an additional 13,181 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares in the last quarter.

Chart Industries Trading Down 3.0 %

NYSE GTLS opened at $199.95 on Wednesday. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 57.96, a PEG ratio of 1.01 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 one year low of $101.60 and a one year high of $210.66. The company’s 50 day moving average price is $181.04 and its 200 day moving average price is $148.26.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS 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 business 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 EPS. The business’s revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on GTLS. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Craig Hallum raised their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group boosted their price target on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus raised their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, Raymond James reiterated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.75.

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.