3,800 Shares in Chart Industries, Inc. (NYSE:GTLS) Acquired by Connective Portfolio Management LLC

Connective Portfolio Management LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,800 shares of the industrial products company’s stock, valued at approximately $725,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GTLS. Dimensional Fund Advisors LP boosted its stake in Chart Industries by 504.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after purchasing an additional 386,821 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Chart Industries by 323.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock worth $60,067,000 after acquiring an additional 317,775 shares during the last quarter. Wellington Management Group LLP boosted its position 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 worth $68,461,000 after buying an additional 262,592 shares during the period. Driehaus Capital Management LLC grew its position in Chart Industries by 385.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock valued at $28,463,000 after acquiring an additional 156,562 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in shares of Chart Industries in the second quarter valued at approximately $14,333,000.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of recent research reports. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. BTIG Research increased their price objective on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Stifel Nicolaus raised their price target on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Craig Hallum upped their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Bank of America reduced their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

Chart Industries Trading Up 4.1 %

Shares of NYSE GTLS opened at $213.23 on Thursday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $213.66. The business has a fifty day simple moving average of $187.82 and a 200-day simple moving average of $150.24. 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 company has a market cap of $9.13 billion, a price-to-earnings ratio of 61.81, a P/E/G ratio of 0.73 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data 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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business posted $1.28 EPS. Chart Industries’s revenue was up 18.3% compared to the same quarter last year. Sell-side analysts predict that Chart Industries, Inc. will post 8.86 EPS for the current 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.