Enclave Advisors LLC Buys New Shares in Chart Industries, Inc. (NYSE:GTLS)

Enclave Advisors LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,198 shares of the industrial products company’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in shares of Chart Industries in the third quarter worth about $34,000. UMB Bank n.a. lifted its holdings in Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares in the last quarter. Ecofi Investissements SA bought a new position in Chart Industries in the 2nd quarter worth approximately $50,000. GAMMA Investing LLC grew its holdings in Chart Industries by 74.0% during the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after buying an additional 247 shares in the last quarter. Finally, Mendota Financial Group LLC raised its position in shares of Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Raymond James reissued a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Bank of America cut their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Wells Fargo & Company dropped their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, BTIG Research raised their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

Chart Industries Stock Up 2.0 %

NYSE GTLS opened at $218.60 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The firm 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. The company has a fifty day moving average of $192.63 and a two-hundred day moving average of $152.80.

Chart Industries (NYSE:GTLS) last released its earnings results 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). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. On average, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current 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.