58,038 Shares in Chart Industries, Inc. (NYSE:GTLS) Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 58,038 shares of the industrial products company's stock, valued at approximately $9,594,000. Mediolanum International Funds Ltd owned approximately 0.14% of Chart Industries at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries during the first quarter valued at about $30,000. Spire Wealth Management lifted its holdings in shares of Chart Industries by 141.0% in the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of Chart Industries during the fourth quarter valued at approximately $33,000. Rise Advisors LLC grew its holdings in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company's stock worth $33,000 after buying an additional 181 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in Chart Industries in the 4th quarter valued at $77,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GTLS. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $150.00 to $168.00 and gave the stock a "neutral" rating in a report on Tuesday, May 28th. Stifel Nicolaus reduced their price objective on shares of Chart Industries from $224.00 to $220.00 and set a "buy" rating for the company in a research report on Monday, May 6th. TD Cowen lifted their target price on shares of Chart Industries from $260.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Barclays started coverage on Chart Industries in a research note on Wednesday, May 8th. They issued an "equal weight" rating and a $193.00 target price on the stock. Finally, UBS Group raised Chart Industries from a "neutral" rating to a "buy" rating and increased their price target for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.92.

Chart Industries Stock Performance

NYSE:GTLS traded up $5.54 during trading hours on Wednesday, reaching $140.56. The stock had a trading volume of 523,084 shares, compared to its average volume of 559,755. The stock has a market cap of $6.02 billion, a P/E ratio of 135.03, a price-to-earnings-growth ratio of 0.39 and a beta of 1.74. The stock has a 50 day simple moving average of $148.58 and a 200 day simple moving average of $142.52. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. Chart Industries, Inc. has a 12-month low of $109.48 and a 12-month high of $184.65.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.39). The firm had revenue of $950.70 million during the quarter, compared to analysts' expectations of $970.91 million. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The company's revenue was up 76.7% compared to the same quarter last year. During the same period last year, the business posted $1.41 EPS. On average, research analysts forecast that Chart Industries, Inc. will post 11.94 EPS for the current fiscal year.

Chart Industries Profile

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.

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