Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,523 shares of the industrial products company’s stock after purchasing an additional 552 shares during the period. Chart Industries accounts for about 1.7% of Beech Hill Advisors Inc.’s portfolio, making the stock its 20th largest holding. Beech Hill Advisors Inc. owned approximately 0.05% of Chart Industries worth $4,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Chart Industries in the third quarter worth approximately $34,000. UMB Bank n.a. boosted its stake in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares during the period. Ecofi Investissements SA acquired a new stake in shares of Chart Industries during the second quarter valued at about $50,000. Mendota Financial Group LLC increased its holdings in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 203 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Chart Industries in the third quarter valued at $87,000.

Analyst Ratings Changes

Several research firms have recently commented on GTLS. The Goldman Sachs Group raised their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Wells Fargo & Company cut their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Barclays decreased their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Raymond James restated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Finally, Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Stock Performance

GTLS traded down $0.47 on Thursday, reaching $212.89. The company had a trading volume of 20,381 shares, compared to its average volume of 633,833. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $214.80. The stock has a market capitalization of $9.11 billion, a PE ratio of 61.71, a P/E/G ratio of 0.73 and a beta of 1.84. The stock has a 50-day moving average price of $188.77 and a 200-day moving average price of $150.69.

Chart Industries (NYSE:GTLS) last posted its 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. As a group, research analysts forecast that Chart Industries, Inc. will post 8.86 EPS for the current fiscal year.

Chart Industries Company 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.