Tandem Capital Management Corp ADV Increases Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Tandem Capital Management Corp ADV increased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 76.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,255 shares of the industrial products company’s stock after purchasing an additional 1,415 shares during the period. Tandem Capital Management Corp ADV’s holdings in Chart Industries were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. SG Americas Securities LLC grew its position in shares of Chart Industries by 986.8% in the third quarter. SG Americas Securities LLC now owns 13,476 shares of the industrial products company’s stock valued at $2,279,000 after purchasing an additional 12,236 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Chart Industries by 16.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,234 shares of the industrial products company’s stock valued at $1,393,000 after buying an additional 1,190 shares in the last quarter. Moisand Fitzgerald Tamayo LLC increased its position in shares of Chart Industries by 645.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company’s stock valued at $39,000 after buying an additional 200 shares during the period. Linden Thomas Advisory Services LLC purchased a new stake in shares of Chart Industries in the third quarter worth about $581,000. Finally, Sheets Smith Wealth Management boosted its position in shares of Chart Industries by 1.5% in the third quarter. Sheets Smith Wealth Management now owns 7,824 shares of the industrial products company’s stock valued at $1,323,000 after acquiring an additional 116 shares during the period.

Analysts Set New Price Targets

A number of analysts recently weighed in on GTLS shares. Morgan Stanley assumed coverage on shares of Chart Industries in a report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. TD Cowen lifted their price objective on Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Raymond James upgraded Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 target price for the company in a research report on Thursday, January 4th. Finally, UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $194.85.

Chart Industries Price Performance

GTLS traded down $0.95 during midday trading on Thursday, hitting $152.00. The stock had a trading volume of 769,441 shares, compared to its average volume of 602,376. Chart Industries, Inc. has a 1 year low of $106.66 and a 1 year high of $184.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19. The business has a fifty day moving average of $148.07 and a 200 day moving average of $136.67. The company has a market cap of $6.39 billion, a P/E ratio of 400.00, a price-to-earnings-growth ratio of 0.42 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s revenue was up 130.0% on a year-over-year basis. As a group, equities analysts forecast that Chart Industries, Inc. will post 11.98 earnings per share 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.