NBW Capital LLC Has $12.09 Million Stock Position in Chart Industries, Inc. (NYSE:GTLS)

NBW Capital LLC increased its position in Chart Industries, Inc. (NYSE:GTLS) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,325 shares of the industrial products company’s stock after purchasing an additional 5,074 shares during the quarter. Chart Industries makes up 2.2% of NBW Capital LLC’s portfolio, making the stock its 11th biggest position. NBW Capital LLC’s holdings in Chart Industries were worth $12,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares during the last quarter. Van Berkom & Associates Inc. bought a new stake in shares of Chart Industries in the 4th quarter valued at about $35,543,000. Braun Stacey Associates Inc. bought a new stake in shares of Chart Industries in the 4th quarter valued at about $16,631,000. WCM Investment Management LLC bought a new stake in shares of Chart Industries in the 4th quarter valued at about $16,239,000. Finally, Victory Capital Management Inc. increased its stake in shares of Chart Industries by 27.4% in the 3rd quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock valued at $48,258,000 after acquiring an additional 83,685 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GTLS. Craig Hallum upped their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group boosted their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Finally, Wells Fargo & Company decreased their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.54.

Chart Industries Trading Down 13.9 %

Shares of Chart Industries stock opened at $163.97 on Tuesday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a market cap of $7.02 billion, a P/E ratio of 47.53, a P/E/G ratio of 0.57 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $199.18 and its 200-day moving average is $164.01.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $2.25 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.