Michael S. Ryan Inc. Buys Shares of 1,148 Chart Industries, Inc. (NYSE:GTLS)

Michael S. Ryan Inc. purchased a new position in Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,148 shares of the industrial products company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also modified their holdings of GTLS. King Luther Capital Management Corp raised its position in Chart Industries by 2.9% during the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after acquiring an additional 29,139 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Chart Industries by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after purchasing an additional 19,534 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after purchasing an additional 32,442 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Chart Industries by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GTLS. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research report on Monday, September 16th. Wells Fargo & Company decreased their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. BTIG Research upped their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Bank of America lowered their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Craig Hallum boosted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Three 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Stock Performance

GTLS stock traded up $1.69 during trading on Wednesday, reaching $201.66. 829,676 shares of the stock were exchanged, compared to its average volume of 825,075. The stock has a 50 day simple moving average of $181.04 and a 200-day simple moving average of $148.26. 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 capitalization of $8.63 billion, a P/E ratio of 58.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $210.66.

Chart Industries (NYSE:GTLS) last posted its quarterly 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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Chart Industries 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.