Lisanti Capital Growth LLC Boosts Holdings in Chart Industries, Inc. (NYSE:GTLS)

Lisanti Capital Growth LLC raised its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,295 shares of the industrial products company’s stock after buying an additional 2,065 shares during the quarter. Lisanti Capital Growth LLC owned about 0.08% of Chart Industries worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in Chart Industries during the 1st quarter valued at approximately $30,000. Spire Wealth Management increased its position in Chart Industries by 141.0% in the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Cape Investment Advisory Inc. purchased a new stake in Chart Industries during the fourth quarter valued at $33,000. Rise Advisors LLC lifted its position in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 181 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new position in shares of Chart Industries in the 2nd quarter worth $40,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GTLS. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Craig Hallum lowered their price objective on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Piper Sandler boosted their target price on Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Stifel Nicolaus restated a “buy” rating and issued a $199.00 price target on shares of Chart Industries in a research report on Monday, August 26th. Finally, The Goldman Sachs Group cut their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and a consensus price target of $187.46.

Chart Industries Trading Down 1.3 %

Shares of NYSE GTLS traded down $1.65 during trading hours on Friday, reaching $122.40. The stock had a trading volume of 524,694 shares, compared to its average volume of 848,982. The business’s fifty day moving average price is $138.26 and its two-hundred day moving average price is $145.02. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 122.40, a P/E/G ratio of 0.39 and a beta of 1.74. Chart Industries, Inc. has a 52-week low of $106.88 and a 52-week high of $184.65. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28.

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 firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. Chart Industries’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. Analysts expect that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

About Chart Industries

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.