AMJ Financial Wealth Management Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

AMJ Financial Wealth Management bought a new stake in Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 19,463 shares of the industrial products company’s stock, valued at approximately $3,714,000.

A number of other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC purchased a new position in shares of Chart Industries during the 3rd quarter worth approximately $205,000. State of Alaska Department of Revenue increased its position in Chart Industries by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,868 shares of the industrial products company’s stock worth $604,000 after buying an additional 330 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Chart Industries by 67.0% in the third quarter. Janney Montgomery Scott LLC now owns 54,343 shares of the industrial products company’s stock worth $6,746,000 after acquiring an additional 21,804 shares during the last quarter. Malaga Cove Capital LLC lifted its position in shares of Chart Industries by 62.0% in the third quarter. Malaga Cove Capital LLC now owns 9,215 shares of the industrial products company’s stock valued at $1,144,000 after acquiring an additional 3,526 shares in the last quarter. Finally, Woodmont Investment Counsel LLC boosted its stake in shares of Chart Industries by 17.5% during the third quarter. Woodmont Investment Counsel LLC now owns 27,782 shares of the industrial products company’s stock valued at $3,449,000 after acquiring an additional 4,131 shares during the last quarter.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $163.97 on Tuesday. The business has a 50-day moving average of $199.18 and a two-hundred day moving average of $164.01. The firm has a market capitalization of $7.02 billion, a PE ratio of 47.53, a P/E/G ratio of 0.57 and a beta of 1.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03.

Chart Industries (NYSE:GTLS) last posted its earnings results 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). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $2.25 EPS. As a group, research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Citigroup raised their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company cut their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday. Finally, The Goldman Sachs Group increased their price target on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus target price of $192.54.

Chart Industries 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.