Chart Industries, Inc. (NYSE:GTLS) Shares Bought by NBW Capital LLC

NBW Capital LLC raised its position in Chart Industries, Inc. (NYSE:GTLS) by 28.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,651 shares of the industrial products company’s stock after acquiring an additional 13,062 shares during the quarter. Chart Industries makes up approximately 2.0% of NBW Capital LLC’s portfolio, making the stock its 12th biggest position. NBW Capital LLC owned 0.14% of Chart Industries worth $9,661,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Chart Industries in the 1st quarter valued at about $30,000. Spire Wealth Management boosted its stake in shares of Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after buying an additional 117 shares during the period. Rise Advisors LLC boosted its stake in shares of Chart Industries by 905.0% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after buying an additional 181 shares during the period. Cape Investment Advisory Inc. purchased a new stake in Chart Industries during the fourth quarter worth approximately $33,000. Finally, Covestor Ltd lifted its stake in Chart Industries by 509.8% during the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 311 shares during the last quarter.

Chart Industries Price Performance

GTLS stock traded down $27.84 on Friday, reaching $126.01. 2,100,275 shares of the company’s stock were exchanged, compared to its average volume of 489,984. The stock has a fifty day moving average of $149.82 and a 200-day moving average of $145.51. Chart Industries, Inc. has a twelve month low of $109.48 and a twelve month high of $184.65. The firm has a market cap of $5.39 billion, a PE ratio of 126.01, a P/E/G ratio of 0.44 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.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 EPS. As a group, equities analysts predict that Chart Industries, Inc. will post 11.56 EPS for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the subject of several recent analyst reports. TD Cowen boosted their target price on Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Morgan Stanley began coverage on Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target on the stock. Barclays began coverage on Chart Industries in a research report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price target on the stock. Bank of America lifted their price target on Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Stifel Nicolaus cut their price target on Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.83.

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.