GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Chart Industries, Inc. (NYSE:GTLS – Free Report) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 126,034 shares of the industrial products company’s stock after purchasing an additional 20,334 shares during the quarter. Chart Industries comprises about 3.9% of GABELLI & Co INVESTMENT ADVISERS INC.’s investment portfolio, making the stock its 3rd largest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Chart Industries were worth $25,992,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Gamco Investors INC. ET AL boosted its stake in Chart Industries by 29.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 220,749 shares of the industrial products company’s stock worth $45,525,000 after purchasing an additional 50,777 shares in the last quarter. Abacus Wealth Partners LLC acquired a new position in Chart Industries in the fourth quarter worth $588,000. Stephens Inc. AR boosted its stake in Chart Industries by 3.8% in the fourth quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 51 shares in the last quarter. New York Life Investment Management LLC boosted its stake in Chart Industries by 5.8% in the fourth quarter. New York Life Investment Management LLC now owns 49,596 shares of the industrial products company’s stock worth $10,228,000 after purchasing an additional 2,738 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Chart Industries during the fourth quarter valued at approximately $248,000.
Analyst Ratings Changes
A number of analysts recently weighed in on GTLS shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday. Twelve investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $198.17.
Chart Industries Price Performance
Chart Industries stock opened at $207.20 on Monday. The business’s 50-day simple moving average is $207.38 and its 200 day simple moving average is $206.11. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 796.97, a P/E/G ratio of 1.11 and a beta of 1.56. Chart Industries, Inc. has a 12-month low of $140.50 and a 12-month high of $208.51. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15.
Chart Industries (NYSE:GTLS – Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.23 billion. Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. Chart Industries’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.66 EPS. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.74 earnings per share for the current year.
Chart Industries 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.
Featured Stories
- Five stocks we like better than Chart Industries
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Want to see what other hedge funds are holding GTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chart Industries, Inc. (NYSE:GTLS – Free Report).
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.
