Chart Industries, Inc. $GTLS is GABELLI & Co INVESTMENT ADVISERS INC.’s 5th Largest Position

GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 1,018.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,700 shares of the industrial products company’s stock after purchasing an additional 96,250 shares during the quarter. Chart Industries accounts for about 3.4% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 5th largest position. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.24% of Chart Industries worth $21,156,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Allworth Financial LP increased its position in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares during the period. United Community Bank grew its stake in Chart Industries by 364.5% during the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 71 shares during the period. Bessemer Group Inc. increased its holdings in Chart Industries by 93.0% during 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 period. Finally, Clearstead Advisors LLC lifted its stake in Chart Industries by 243.3% in the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter.

Chart Industries Stock Down 0.0%

NYSE GTLS opened at $207.24 on Friday. The stock has a 50 day moving average price of $207.03 and a 200-day moving average price of $203.33. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.15 and a current ratio of 1.36. The company has a market capitalization of $9.92 billion, a P/E ratio of 797.11, a P/E/G ratio of 0.79 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $2.66 EPS. Chart Industries’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Zacks Research upgraded Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Hold” and an average target price of $204.10.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.