GABELLI & Co INVESTMENT ADVISERS INC. Has $21.16 Million Stake in Chart Industries, Inc. $GTLS

GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 1,018.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 105,700 shares of the industrial products company’s stock after purchasing an additional 96,250 shares during the quarter. Chart Industries accounts for 3.4% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 5th biggest holding. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Chart Industries were worth $21,156,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in Chart Industries by 74.5% during the second 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 period. United Community Bank lifted its holdings in shares of Chart Industries by 364.5% in the 3rd 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 lifted its holdings in shares of Chart Industries by 95.9% in the 3rd 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. boosted its stake in shares of Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares during the period. Finally, Clearstead Advisors LLC grew its holdings in Chart Industries by 243.3% during 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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $204.10.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $207.24 on Friday. The company has a 50 day moving average price of $207.03 and a 200 day moving average price of $203.33. The firm has a market capitalization of $9.92 billion, a P/E ratio of 797.11, a PEG ratio of 0.79 and a beta of 1.73. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $208.24.

Chart Industries (NYSE:GTLS) last released its 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). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.66 EPS. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS 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.