Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,000 shares of the industrial products company’s stock after acquiring an additional 16,000 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.51% of Chart Industries worth $35,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GTLS. 1492 Capital Management LLC acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $1,509,000. Vontobel Holding Ltd. lifted its stake in shares of Chart Industries by 10.4% during the fourth quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock valued at $19,055,000 after buying an additional 13,155 shares during the period. GW&K Investment Management LLC lifted its stake in shares of Chart Industries by 13.0% during the fourth quarter. GW&K Investment Management LLC now owns 393,223 shares of the industrial products company’s stock valued at $53,608,000 after buying an additional 45,215 shares during the period. Greenwood Capital Associates LLC lifted its stake in shares of Chart Industries by 21.6% during the fourth quarter. Greenwood Capital Associates LLC now owns 84,962 shares of the industrial products company’s stock valued at $11,583,000 after buying an additional 15,078 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Chart Industries by 49.3% during the fourth quarter. Stifel Financial Corp now owns 125,543 shares of the industrial products company’s stock valued at $17,115,000 after buying an additional 41,446 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Chart Industries from $150.00 to $168.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. TD Cowen increased their price target on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Morgan Stanley assumed coverage on shares of Chart Industries in a research note on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target on the stock. Bank of America raised their target price on shares of Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Barclays assumed coverage on shares of Chart Industries in a research note on Wednesday, May 8th. They issued an “equal weight” rating and a $193.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and an average target price of $195.83.

Chart Industries Stock Down 18.1 %

GTLS stock traded down $27.84 during mid-day trading on Friday, hitting $126.01. 2,100,275 shares of the company were exchanged, compared to its average volume of 489,984. The company has a market capitalization of $5.39 billion, a PE ratio of 126.01, a price-to-earnings-growth ratio of 0.44 and a beta of 1.74. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. Chart Industries, Inc. has a twelve month low of $109.48 and a twelve month high of $184.65. The firm has a fifty day simple moving average of $149.82 and a 200 day simple moving average of $145.51.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. On average, research analysts forecast that Chart Industries, Inc. will post 11.56 earnings per share for the current fiscal year.

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.