Axxcess Wealth Management LLC Acquires New Shares in Chart Industries, Inc. $GTLS

Axxcess Wealth Management LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,627 shares of the industrial products company’s stock, valued at approximately $268,000.

Several other hedge funds have also recently bought and sold shares of GTLS. GAMMA Investing LLC increased its stake in Chart Industries by 118.6% in the 1st quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 689 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Chart Industries by 1,201.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 39,650 shares of the industrial products company’s stock valued at $5,724,000 after buying an additional 36,604 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Chart Industries by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 4,928 shares of the industrial products company’s stock valued at $711,000 after buying an additional 130 shares during the last quarter. Advisor Resource Council acquired a new stake in Chart Industries during the 1st quarter valued at $844,000. Finally, Canton Hathaway LLC acquired a new stake in Chart Industries during the 1st quarter valued at $375,000.

Chart Industries Price Performance

GTLS stock opened at $199.91 on Friday. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $220.03. The stock’s fifty day simple moving average is $199.37 and its 200-day simple moving average is $170.95. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Equities research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Chart Industries in a report on Wednesday, October 8th. Hsbc Global Res upgraded Chart Industries to a “hold” rating in a report on Wednesday, July 30th. Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Cowen cut Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $204.85.

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.