Chart Industries, Inc. (NYSE:GTLS) Shares Bought by ClariVest Asset Management LLC

ClariVest Asset Management LLC raised its position in Chart Industries, Inc. (NYSE:GTLS) by 14.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,010 shares of the industrial products company’s stock after buying an additional 1,677 shares during the quarter. ClariVest Asset Management LLC’s holdings in Chart Industries were worth $2,143,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise boosted its position in shares of Chart Industries by 5.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock worth $290,000 after buying an additional 85 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of Chart Industries by 4.7% in the 4th quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock worth $301,000 after buying an additional 99 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Chart Industries by 1.0% in the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after buying an additional 100 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Chart Industries by 0.3% in the 1st quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company’s stock worth $6,417,000 after buying an additional 100 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Chart Industries by 0.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 104 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GTLS. Piper Sandler boosted their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Stifel Nicolaus reduced their target price on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Barclays started coverage on shares of Chart Industries in a report on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 target price on the stock. Morgan Stanley started coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price on the stock. Finally, UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and upped their target price 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, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and an average target price of $197.92.

Chart Industries Stock Up 2.7 %

Shares of Chart Industries stock traded up $4.05 on Friday, hitting $155.47. 494,676 shares of the company’s stock traded hands, compared to its average volume of 436,564. The stock has a market cap of $6.65 billion, a P/E ratio of 155.47, a PEG ratio of 0.43 and a beta of 1.74. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. The firm’s 50-day moving average is $148.62 and its 200 day moving average is $142.75. Chart Industries, Inc. has a 52-week low of $109.48 and a 52-week high of $184.65.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). The business had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 earnings per share. Equities analysts anticipate that Chart Industries, Inc. will post 11.94 earnings per share for the current year.

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.