Enclave Advisors LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Enclave Advisors LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,198 shares of the industrial products company’s stock, valued at approximately $229,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in shares of Chart Industries by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 45,495 shares of the industrial products company’s stock worth $6,567,000 after acquiring an additional 2,593 shares during the period. Dimensional Fund Advisors LP grew its stake in Chart Industries by 504.7% in the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after purchasing an additional 386,821 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Chart Industries by 4.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,103 shares of the industrial products company’s stock worth $448,000 after purchasing an additional 140 shares during the period. Intech Investment Management LLC bought a new stake in Chart Industries during the 2nd quarter valued at $861,000. Finally, Sei Investments Co. lifted its holdings in shares of Chart Industries by 96.3% in the 2nd quarter. Sei Investments Co. now owns 63,840 shares of the industrial products company’s stock worth $9,215,000 after buying an additional 31,313 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GTLS shares. BTIG Research raised their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Craig Hallum raised their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus boosted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Barclays dropped their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Wells Fargo & Company reduced their price objective 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and an average price target of $188.75.

Chart Industries Stock Up 2.0 %

Chart Industries stock opened at $218.60 on Wednesday. The business has a fifty day moving average price of $192.63 and a 200-day moving average price of $152.80. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The stock 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 debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last issued 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). The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal 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.