Hudson Valley Investment Advisors Inc. ADV Reduces Holdings in Chart Industries, Inc. (NYSE:GTLS)

Hudson Valley Investment Advisors Inc. ADV lessened its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,700 shares of the industrial products company’s stock after selling 6,172 shares during the quarter. Chart Industries comprises approximately 1.2% of Hudson Valley Investment Advisors Inc. ADV’s portfolio, making the stock its 22nd largest position. Hudson Valley Investment Advisors Inc. ADV owned about 0.13% of Chart Industries worth $10,821,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GTLS. Michael S. Ryan Inc. acquired a new position in Chart Industries in the fourth quarter valued at about $219,000. Everence Capital Management Inc. purchased a new stake in shares of Chart Industries in the 4th quarter valued at approximately $260,000. GAMMA Investing LLC lifted its holdings in shares of Chart Industries by 74.0% in the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 247 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after purchasing an additional 32,442 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after purchasing an additional 15,862 shares during the last quarter.

Chart Industries Price Performance

Chart Industries stock opened at $201.66 on Friday. The stock has a market cap of $8.63 billion, a P/E ratio of 58.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84. The company has a fifty day simple moving average of $184.24 and a 200-day simple moving average of $149.00. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $210.66.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $1.28 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on GTLS. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. The Goldman Sachs Group raised their target price on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Bank of America cut their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. BTIG Research raised their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Craig Hallum upped their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and an average price target of $188.75.

About Chart Industries

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.