Readystate Asset Management LP Increases Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Readystate Asset Management LP lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 94.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,605 shares of the industrial products company’s stock after purchasing an additional 11,471 shares during the quarter. Readystate Asset Management LP owned about 0.06% of Chart Industries worth $3,218,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GTLS. Advisor Group Holdings Inc. lifted its position in shares of Chart Industries by 32.7% during the first quarter. Advisor Group Holdings Inc. now owns 1,156 shares of the industrial products company’s stock worth $200,000 after purchasing an additional 285 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Chart Industries by 70.8% during the first quarter. JPMorgan Chase & Co. now owns 85,635 shares of the industrial products company’s stock worth $14,709,000 after purchasing an additional 35,500 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Chart Industries by 11.4% during the first quarter. Blair William & Co. IL now owns 2,484 shares of the industrial products company’s stock worth $427,000 after purchasing an additional 255 shares in the last quarter. Sei Investments Co. lifted its position in shares of Chart Industries by 7.8% during the first quarter. Sei Investments Co. now owns 31,481 shares of the industrial products company’s stock worth $5,401,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Chart Industries by 60.0% during the first quarter. Baird Financial Group Inc. now owns 28,427 shares of the industrial products company’s stock worth $4,883,000 after purchasing an additional 10,664 shares in the last quarter.

Chart Industries Stock Down 0.3 %

Shares of NYSE:GTLS traded down $0.44 during trading on Wednesday, hitting $147.72. 451,101 shares of the company were exchanged, compared to its average volume of 617,809. The firm’s 50 day moving average price is $144.96 and its 200-day moving average price is $136.77. The stock has a market capitalization of $6.21 billion, a P/E ratio of 388.74, a PEG ratio of 0.42 and a beta of 1.70. Chart Industries, Inc. has a 12-month low of $106.66 and a 12-month high of $184.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.88.

Chart Industries (NYSE:GTLS) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company’s quarterly revenue was up 130.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. On average, research analysts predict that Chart Industries, Inc. will post 11.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on GTLS shares. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. TD Cowen lifted their price target on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price target for the company in a research note on Thursday, January 4th. Finally, Wells Fargo & Company lifted their price target on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $194.42.

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.