Chart Industries, Inc. (NYSE:GTLS) Stake Lifted by Flputnam Investment Management Co.

Flputnam Investment Management Co. increased its stake in Chart Industries, Inc. (NYSE:GTLS) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,797 shares of the industrial products company’s stock after acquiring an additional 302 shares during the period. Flputnam Investment Management Co.’s holdings in Chart Industries were worth $2,290,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. KB Financial Partners LLC bought a new stake in Chart Industries during the first quarter worth approximately $28,000. Belpointe Asset Management LLC lifted its position in shares of Chart Industries by 164.6% in the 1st quarter. Belpointe Asset Management LLC now owns 217 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 135 shares in the last quarter. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Chart Industries by 645.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Chart Industries in the 4th quarter valued at approximately $77,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Chart Industries in the 4th quarter valued at approximately $73,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 target price for the company in a research report on Thursday, January 4th. Finally, TD Cowen increased their target price on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.42.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $148.33 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19. The firm’s 50-day simple moving average is $144.35 and its 200-day simple moving average is $136.69. Chart Industries, Inc. has a twelve month low of $106.66 and a twelve month high of $184.65. The firm has a market cap of $6.24 billion, a P/E ratio of 390.34, a price-to-earnings-growth ratio of 0.42 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last issued its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business earned $1.67 EPS. The firm’s revenue was up 130.0% on a year-over-year basis. As a group, research analysts expect that Chart Industries, Inc. will post 11.79 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.