Picton Mahoney Asset Management Boosts Holdings in Chart Industries, Inc. $GTLS

Picton Mahoney Asset Management lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 230.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,323 shares of the industrial products company’s stock after purchasing an additional 111,812 shares during the period. Picton Mahoney Asset Management owned about 0.36% of Chart Industries worth $32,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Allworth Financial LP boosted its holdings in Chart Industries by 74.5% in the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. United Community Bank boosted its stake in shares of Chart Industries by 364.5% in the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 71 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in Chart Industries by 243.3% in the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GTLS. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given 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 $204.10.

Chart Industries Stock Down 0.2%

Shares of NYSE:GTLS opened at $206.71 on Wednesday. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $208.24. The stock has a market cap of $9.90 billion, a P/E ratio of 795.07, a PEG ratio of 0.79 and a beta of 1.73. The business has a fifty day moving average of $206.98 and a two-hundred day moving average of $203.27. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.57%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm posted $2.66 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Chart Industries Company 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.