Sheets Smith Wealth Management Increases Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Sheets Smith Wealth Management increased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 8,078 shares of the industrial products company’s stock after buying an additional 254 shares during the quarter. Sheets Smith Wealth Management’s holdings in Chart Industries were worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GTLS. Nordea Investment Management AB increased its stake in Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock valued at $268,088,000 after purchasing an additional 101,404 shares in the last quarter. Federated Hermes Inc. raised its holdings in Chart Industries by 0.4% in the 4th quarter. Federated Hermes Inc. now owns 594,389 shares of the industrial products company’s stock worth $81,033,000 after acquiring an additional 2,151 shares during the last quarter. Northern Trust Corp lifted its position in Chart Industries by 3.2% in the 3rd quarter. Northern Trust Corp now owns 567,860 shares of the industrial products company’s stock valued at $96,036,000 after acquiring an additional 17,681 shares in the last quarter. Scout Investments Inc. boosted its stake in Chart Industries by 19.1% during the 3rd quarter. Scout Investments Inc. now owns 555,921 shares of the industrial products company’s stock valued at $92,655,000 after purchasing an additional 89,141 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Chart Industries by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 455,506 shares of the industrial products company’s stock worth $77,035,000 after purchasing an additional 14,616 shares in the last quarter.

Chart Industries Stock Performance

GTLS traded up $5.75 during midday trading on Monday, reaching $160.75. The company had a trading volume of 362,372 shares, compared to its average volume of 611,552. Chart Industries, Inc. has a 1 year low of $106.66 and a 1 year high of $184.65. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. The company has a market cap of $6.76 billion, a P/E ratio of 159.77, a P/E/G ratio of 0.43 and a beta of 1.73. The business has a 50-day moving average of $150.44 and a two-hundred day moving average of $135.83.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. During the same period in the prior year, the company posted $1.41 earnings per share. The company’s revenue was up 76.7% compared to the same quarter last year. As a group, equities research analysts predict that Chart Industries, Inc. will post 11.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. Stifel Nicolaus decreased their price objective on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a report on Monday. Piper Sandler increased their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Morgan Stanley began coverage on shares of Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.46.

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.