1832 Asset Management L.P. Has $5.62 Million Stock Position in Chart Industries, Inc. (NYSE:GTLS)

1832 Asset Management L.P. raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 21.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,141 shares of the industrial products company’s stock after buying an additional 6,085 shares during the period. 1832 Asset Management L.P. owned 0.08% of Chart Industries worth $5,624,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Chart Industries during the fourth quarter worth $57,415,000. DAVENPORT & Co LLC acquired a new position in shares of Chart Industries during the first quarter worth $42,507,000. Gates Capital Management Inc. lifted its holdings in shares of Chart Industries by 50.5% during the fourth quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock worth $92,323,000 after purchasing an additional 227,280 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in shares of Chart Industries during the fourth quarter worth $27,672,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Chart Industries by 143.5% during the first quarter. Russell Investments Group Ltd. now owns 248,101 shares of the industrial products company’s stock worth $40,867,000 after purchasing an additional 146,212 shares during the period.

Chart Industries Stock Performance

GTLS traded up $1.70 during midday trading on Friday, reaching $161.27. The company had a trading volume of 367,976 shares, compared to its average volume of 512,726. The stock has a market cap of $6.90 billion, a PE ratio of 161.27, a P/E/G ratio of 0.46 and a beta of 1.74. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. The business has a 50-day moving average price of $150.13 and a two-hundred day moving average price of $144.79. Chart Industries, Inc. has a 12-month low of $109.48 and a 12-month high of $184.65.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). The business had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 earnings per share. On average, sell-side analysts expect that Chart Industries, Inc. will post 11.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Bank of America boosted their target price on shares of Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 15th. The Goldman Sachs Group boosted their target price on shares of Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. TD Cowen boosted their target price on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Stifel Nicolaus decreased their price target on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.77.

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.