Sanctuary Advisors LLC Grows Position in Chart Industries, Inc. (NYSE:GTLS)

Sanctuary Advisors LLC grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 71.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,515 shares of the industrial products company’s stock after buying an additional 1,469 shares during the period. Sanctuary Advisors LLC’s holdings in Chart Industries were worth $743,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Chart Industries during the third quarter worth $34,000. Blue Trust Inc. boosted its holdings in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Chart Industries during the fourth quarter worth $56,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Chart Industries by 74.0% during the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 247 shares during the last quarter.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $190.58 on Friday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The business has a 50-day moving average of $199.68 and a 200-day moving average of $162.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 55.24, a PEG ratio of 0.57 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company earned $2.25 EPS. Chart Industries’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GTLS shares. Raymond James restated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. BTIG Research raised their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Citigroup raised their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. 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, Craig Hallum raised their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Three 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $191.54.

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.