New York Life Investment Management LLC Acquires 2,738 Shares of Chart Industries, Inc. $GTLS

New York Life Investment Management LLC lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 49,596 shares of the industrial products company’s stock after purchasing an additional 2,738 shares during the quarter. New York Life Investment Management LLC’s holdings in Chart Industries were worth $10,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Community Bank boosted its stake in shares of Chart Industries by 364.5% during the 3rd 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 boosted its stake in shares of Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 71 shares during the period. Torren Management LLC bought a new position in shares of Chart Industries during the 4th quarter worth approximately $30,000. Clearstead Advisors LLC boosted its stake in shares of Chart Industries by 243.3% during the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Chart Industries by 44.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 100 shares during the period.

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Chart Industries Price Performance

Shares of NYSE GTLS opened at $207.20 on Friday. The stock has a market capitalization of $9.92 billion, a PE ratio of 796.97, a P/E/G ratio of 1.02 and a beta of 1.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.09. The business has a fifty day moving average price of $207.38 and a two-hundred day moving average price of $206.07. Chart Industries, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $208.51.

Chart Industries (NYSE:GTLS – Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $2.66 earnings per share. As a group, equities analysts predict that Chart Industries, Inc. will post 10.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GTLS. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Wall Street Zen cut Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Twelve research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Chart Industries has a consensus rating of “Reduce” and an average price target of $198.17.

Check Out Our Latest Research Report on Chart Industries

Chart Industries Profile

(Free Report)

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.

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