Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases Shares of 1,078 Chart Industries, Inc. (NYSE:GTLS)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,078 shares of the industrial products company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at about $34,000. Blue Trust Inc. lifted its stake in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares during the period. Spire Wealth Management lifted its stake in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in shares of Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 69 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Raymond James reissued a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. The Goldman Sachs Group upped their price target on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Citigroup upped their price target on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Barclays upped their price target on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus upped their price target on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $149.89 on Friday. The company has a market cap of $6.85 billion, a PE ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The business has a 50 day moving average price of $196.25 and a 200-day moving average price of $164.79. 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 (NYSE:GTLS) last issued its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $2.25 earnings per share. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.95% of the stock is currently owned by corporate insiders.

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.