Mitsubishi UFJ Asset Management Co. Ltd. Has $730,000 Stock Holdings in Chart Industries, Inc. $GTLS

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Chart Industries, Inc. (NYSE:GTLS) by 28.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,436 shares of the industrial products company’s stock after purchasing an additional 994 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Chart Industries were worth $730,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

GTLS has been the subject of several recent analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Chart Industries in a research note on Wednesday, July 30th. Seaport Res Ptn cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted 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. Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Finally, Johnson Rice lowered Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $205.08.

Chart Industries Price Performance

GTLS stock opened at $203.51 on Friday. The stock has a 50-day moving average price of $200.18 and a two-hundred day moving average price of $181.43. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03. The stock has a market cap of $9.15 billion, a PE ratio of 248.18, a price-to-earnings-growth ratio of 1.15 and a beta of 1.78. 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 analysts’ consensus estimates of $3.02 by ($0.24). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.18 earnings per share. Equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

About Chart Industries

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.