A. D. Beadell Investment Counsel Inc. Lowers Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

A. D. Beadell Investment Counsel Inc. decreased its stake in Chart Industries, Inc. (NYSE:GTLS) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,420 shares of the industrial products company’s stock after selling 460 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Chart Industries were worth $1,225,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries in the third quarter valued at approximately $34,000. UMB Bank n.a. raised its position in shares of Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares during the period. Ecofi Investissements SA acquired a new position in Chart Industries in the second quarter valued at approximately $50,000. Mendota Financial Group LLC raised its position in Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 203 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at $87,000.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of recent analyst reports. Craig Hallum raised their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group lifted their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. BTIG Research increased their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Bank of America lowered their price target 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. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.75.

Chart Industries Stock Down 4.9 %

GTLS traded down $9.91 on Friday, hitting $191.89. 140,591 shares of the company were exchanged, compared to its average volume of 714,586. 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 company has a market cap of $8.22 billion, a price-to-earnings ratio of 55.62, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84. The firm has a 50-day moving average price of $184.24 and a two-hundred day moving average price of $149.00. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $210.66.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities analysts predict that Chart Industries, Inc. will post 9.03 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.