Gamco Investors INC. ET AL Increases Holdings in Chart Industries, Inc. $GTLS

Gamco Investors INC. ET AL increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 29.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 220,749 shares of the industrial products company’s stock after purchasing an additional 50,777 shares during the period. Gamco Investors INC. ET AL’s holdings in Chart Industries were worth $45,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GTLS. AQR Capital Management LLC lifted its holdings in Chart Industries by 39.0% in the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after buying an additional 7,314 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Chart Industries by 7.8% in the 2nd quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after buying an additional 5,443 shares in the last quarter. Sei Investments Co. lifted its holdings in Chart Industries by 0.7% in the 2nd quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after buying an additional 540 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Chart Industries by 8.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after buying an additional 4,129 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Chart Industries by 55.9% in the 2nd quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after buying an additional 49,715 shares in the last quarter.

Wall Street Analyst Weigh In

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

Chart Industries Trading Down 0.0%

Chart Industries stock opened at $207.20 on Monday. The firm has a 50 day simple moving average of $207.38 and a 200-day simple moving average of $206.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The stock has a market capitalization of $9.92 billion, a PE ratio of 796.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.56. Chart Industries, Inc. has a 12-month low of $140.50 and a 12-month high of $208.51.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.23 billion. Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business earned $2.66 earnings per share. As a group, equities research analysts expect that Chart Industries, Inc. will post 9.74 EPS for the current fiscal year.

About Chart Industries

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.