New York Life Investment Management LLC Purchases 2,738 Shares of Chart Industries, Inc. $GTLS

New York Life Investment Management LLC increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,596 shares of the industrial products company’s stock after buying an additional 2,738 shares during the quarter. New York Life Investment Management LLC owned 0.11% of Chart Industries worth $10,228,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. United Community Bank grew its holdings in shares of Chart Industries by 364.5% during the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after buying an additional 71 shares in the last quarter. Torren Management LLC bought a new position in shares of Chart Industries during the fourth quarter worth about $30,000. Clearstead Advisors LLC grew its holdings in shares of Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after buying an additional 100 shares in the last quarter.

Chart Industries Stock Down 0.0%

GTLS stock opened at $207.20 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average price of $207.38 and a two-hundred day moving average price of $206.07. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 796.97, a P/E/G ratio of 1.02 and a beta of 1.56. Chart Industries, Inc. has a twelve month low of $140.50 and a twelve month high of $208.51.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business earned $2.66 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 10.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday. Twelve analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $198.17.

Chart Industries Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.