Renaissance Group LLC Takes Position in Chart Industries, Inc. $GTLS

Renaissance Group LLC acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 50,028 shares of the industrial products company’s stock, valued at approximately $8,237,000. Renaissance Group LLC owned about 0.11% of Chart Industries as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GTLS. Envestnet Asset Management Inc. raised its stake in Chart Industries by 7.4% during the first quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company’s stock valued at $8,318,000 after purchasing an additional 3,948 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Chart Industries by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock valued at $317,248,000 after acquiring an additional 102,226 shares during the last quarter. D.A. Davidson & CO. purchased a new position in Chart Industries in the second quarter worth about $294,000. Ethic Inc. increased its stake in Chart Industries by 3.8% during the second quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock worth $472,000 after acquiring an additional 103 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Chart Industries in the first quarter valued at $304,000.

Chart Industries Stock Up 0.0%

Chart Industries stock opened at $203.64 on Wednesday. The firm has a market cap of $9.15 billion, a P/E ratio of 248.34, a P/E/G ratio of 1.15 and a beta of 1.78. The company has a quick ratio of 1.27, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The business has a fifty day moving average of $200.35 and a two-hundred day moving average of $182.77.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GTLS shares. Lake Street Capital lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research note on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Thursday, November 13th. Hsbc Global Res raised shares of Chart Industries to a “hold” rating in a research report on Wednesday, July 30th. Cowen lowered Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, Craig Hallum downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Three equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $205.08.

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.