Old West Investment Management LLC Acquires New Stake in Chart Industries, Inc. $GTLS

Old West Investment Management LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,568 shares of the industrial products company’s stock, valued at approximately $2,728,000.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Chart Industries by 4.7% during the second quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 63 shares during the period. Allworth Financial LP lifted its position in Chart Industries by 74.5% in the second 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 during the period. Xponance Inc. boosted its holdings in Chart Industries by 1.4% in the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company’s stock valued at $883,000 after purchasing an additional 85 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 93 shares in the last quarter. Finally, Securian Asset Management Inc. increased its position in Chart Industries by 3.2% during the 1st quarter. Securian Asset Management Inc. now owns 3,253 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 100 shares during the period.

Chart Industries Stock Performance

Shares of GTLS stock opened at $203.56 on Friday. The stock has a fifty day moving average price of $200.10 and a 200 day moving average price of $180.95. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.27 and a current ratio of 1.40. The stock has a market cap of $9.15 billion, a PE ratio of 248.25, a P/E/G ratio of 1.15 and a beta of 1.78. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.24). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company posted $2.18 EPS. Sell-side analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. UBS Group reissued a “neutral” rating and issued a $210.00 target price (down previously from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Seaport Res Ptn cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Finally, Craig Hallum downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus 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.