Boyce & Associates Wealth Consulting Inc. lowered its position in Chart Industries, Inc. (NYSE:GTLS – Free Report) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,290 shares of the industrial products company’s stock after selling 345 shares during the quarter. Boyce & Associates Wealth Consulting Inc.’s holdings in Chart Industries were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Michael S. Ryan Inc. purchased a new stake in Chart Industries during the fourth quarter worth approximately $219,000. Everence Capital Management Inc. acquired a new stake in Chart Industries in the 4th quarter valued at $260,000. GAMMA Investing LLC raised its position in Chart Industries by 74.0% in the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 247 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after buying an additional 15,862 shares during the period.
Analyst Ratings Changes
GTLS has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Bank of America decreased their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Barclays cut their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, BTIG Research raised their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $188.75.
Chart Industries Price Performance
GTLS opened at $195.11 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $185.54 and its 200 day moving average price is $149.42. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $210.66. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 56.55, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84.
Chart Industries (NYSE:GTLS – Get Free Report) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 earnings per share. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current year.
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.
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