Sheets Smith Wealth Management Grows Position in Chart Industries, Inc. (NYSE:GTLS)

Sheets Smith Wealth Management lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 38.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,612 shares of the industrial products company’s stock after acquiring an additional 3,223 shares during the period. Sheets Smith Wealth Management’s holdings in Chart Industries were worth $2,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. King Luther Capital Management Corp increased its stake in shares of Chart Industries by 2.9% during the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after acquiring an additional 29,139 shares during the period. Geode Capital Management LLC lifted its stake in shares of Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after purchasing an additional 19,534 shares during the period. Principal Financial Group Inc. increased its stake in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares during the last quarter.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $218.60 on Wednesday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The firm has a fifty day simple moving average of $192.63 and a 200-day simple moving average of $152.80. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 63.36, a PEG ratio of 0.64 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last posted 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 during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company posted $1.28 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on GTLS. BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Stifel Nicolaus upped their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. The Goldman Sachs Group raised their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Craig Hallum increased their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Bank of America cut their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

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.