Bank of Montreal Can Purchases 163,631 Shares of Chart Industries, Inc. $GTLS

Bank of Montreal Can lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 2,320.3% during the second quarter, HoldingsChannel reports. The firm owned 170,683 shares of the industrial products company’s stock after buying an additional 163,631 shares during the quarter. Bank of Montreal Can’s holdings in Chart Industries were worth $28,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GTLS. Brooklyn Investment Group raised its stake in Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares during the period. SVB Wealth LLC acquired a new position in Chart Industries in the first quarter valued at about $30,000. Bessemer Group Inc. increased its holdings in shares of Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Chart Industries during the second quarter worth about $33,000. Finally, Atticus Wealth Management LLC bought a new position in shares of Chart Industries during the 2nd quarter valued at about $34,000.

Chart Industries Stock Down 0.1%

Chart Industries stock opened at $199.32 on Friday. The company has a market cap of $8.96 billion, a P/E ratio of 243.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.78. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $220.03. The company has a fifty day simple moving average of $199.74 and a 200 day simple moving average of $178.33. The company has a current ratio of 1.40, a quick ratio of 1.27 and a debt-to-equity ratio of 1.08.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.24). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $2.18 earnings per share. Research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Cowen cut Chart Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Johnson Rice lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a report on Wednesday, July 30th. Barclays cut their price objective on shares of Chart Industries from $171.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. JPMorgan Chase & Co. increased their target price on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Chart Industries in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $205.08.

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.