Vestcor Inc Takes $7.01 Million Position in Chart Industries, Inc. $GTLS

Vestcor Inc acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 35,000 shares of the industrial products company’s stock, valued at approximately $7,005,000.

Several other large investors also recently bought and sold shares of GTLS. Allworth Financial LP lifted its stake in 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 acquiring an additional 70 shares during the period. United Community Bank grew its stake in shares of Chart Industries by 364.5% in the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 113 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 71 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 100 shares during the period.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $207.15 on Tuesday. The firm has a 50 day moving average of $207.08 and a 200 day moving average of $203.53. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 796.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.73. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $208.24.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 27th. The industrial products company reported $2.51 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 prior year, the company posted $2.66 earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

GTLS has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Hold” and an average target price of $204.10.

Chart Industries Company Profile

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.