Inspire Investing LLC lowered its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,081 shares of the industrial products company's stock after selling 1,253 shares during the quarter. Inspire Investing LLC's holdings in Chart Industries were worth $397,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in GTLS. Wellington Management Group LLP raised its stake in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock valued at $68,461,000 after acquiring an additional 262,592 shares in the last quarter. Victory Capital Management Inc. raised its position in Chart Industries by 27.4% during the 3rd quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company's stock valued at $48,258,000 after purchasing an additional 83,685 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Chart Industries by 34.9% in the 3rd quarter. Stifel Financial Corp now owns 253,665 shares of the industrial products company's stock worth $31,490,000 after buying an additional 65,615 shares during the period. Pier Capital LLC bought a new position in shares of Chart Industries during the 3rd quarter worth $7,388,000. Finally, Bridgewater Associates LP bought a new position in shares of Chart Industries during the 3rd quarter worth $7,137,000.
Wall Street Analyst Weigh In
Several brokerages have issued reports on GTLS. Craig Hallum increased their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Raymond James reiterated a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group upped their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. BTIG Research lifted their target price on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Bank of America lowered their price target on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $188.75.
View Our Latest Analysis on GTLS
Chart Industries Stock Performance
Shares of GTLS traded up $0.25 during trading hours on Friday, reaching $211.70. 486,870 shares of the company traded hands, compared to its average volume of 579,921. The stock has a market capitalization of $9.06 billion, a P/E ratio of 61.36, a P/E/G ratio of 0.61 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The business has a fifty day moving average price of $198.92 and a 200-day moving average price of $156.17. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.
Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.
About Chart Industries
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Free Report)
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.
Further Reading
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