50,028 Shares in Chart Industries, Inc. $GTLS Bought by Renaissance Group LLC

Renaissance Group LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,028 shares of the industrial products company’s stock, valued at approximately $8,237,000.

Several other large investors also recently bought and sold shares of the stock. Allworth Financial LP increased 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 purchasing an additional 70 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Chart Industries by 19,900.0% in the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 199 shares during the period. SVB Wealth LLC acquired a new position in shares of Chart Industries in the 1st quarter valued at $30,000. Bessemer Group Inc. raised 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 acquired a new stake in Chart Industries during the 2nd quarter worth about $33,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $203.64 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.27 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $9.15 billion, a P/E ratio of 248.34, a P/E/G ratio of 1.15 and a beta of 1.78. The business’s 50 day moving average is $200.35 and its two-hundred day moving average is $182.77. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GTLS. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Thursday, November 13th. Seaport Res Ptn cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Lake Street Capital downgraded Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 target price on the stock. in a research note on Wednesday, July 30th. Cowen cut Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Johnson Rice lowered Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $205.08.

Chart Industries Company 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.