Legal & General Group Plc Increases Stock Holdings in Chart Industries, Inc. $GTLS

Legal & General Group Plc boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,509 shares of the industrial products company’s stock after acquiring an additional 6,195 shares during the period. Legal & General Group Plc owned 0.17% of Chart Industries worth $12,268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its position in shares of Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Brooklyn Investment Group boosted its stake in Chart Industries by 19,900.0% during the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock valued at $29,000 after buying an additional 199 shares during the period. SVB Wealth LLC purchased a new position in Chart Industries during the first quarter worth about $30,000. Bessemer Group Inc. increased its stake in Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Chart Industries in the 2nd quarter valued at about $33,000.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $203.95 on Monday. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. The company has a quick ratio of 1.27, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. The company’s fifty day moving average is $201.01 and its 200 day moving average is $185.14. The stock has a market cap of $9.17 billion, a PE ratio of 248.72, a PEG ratio of 1.15 and a beta of 1.78.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.24). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.Chart Industries’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.18 earnings per share. Research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

GTLS has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Tuesday, November 25th. JPMorgan Chase & Co. lifted their target price on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Citigroup lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $205.08.

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.