Geode Capital Management LLC Has $123.32 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Geode Capital Management LLC boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 993,199 shares of the industrial products company’s stock after buying an additional 19,534 shares during the quarter. Geode Capital Management LLC owned approximately 2.32% of Chart Industries worth $123,318,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GTLS. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries during the 3rd quarter worth approximately $34,000. UMB Bank n.a. boosted its stake in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares during the last quarter. Ecofi Investissements SA acquired a new stake in Chart Industries during the 2nd quarter worth $50,000. Mendota Financial Group LLC raised its position in shares of Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 203 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at $87,000.

Chart Industries Trading Down 2.9 %

GTLS opened at $196.51 on Wednesday. The stock has a market capitalization of $8.41 billion, a P/E ratio of 56.96, a P/E/G ratio of 1.01 and a beta of 1.86. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $204.23. The firm’s fifty day simple moving average is $160.93 and its 200 day simple moving average is $143.25.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 4.30% and a return on equity of 13.25%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 earnings per share. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Craig Hallum lifted their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays decreased their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Stifel Nicolaus increased their price target on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Monday, September 16th. Finally, Wells Fargo & Company lowered their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Three 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.42.

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.