Whalen Wealth Management Inc. Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Whalen Wealth Management Inc. bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, Holdings Channel reports. The fund bought 2,414 shares of the industrial products company’s stock, valued at approximately $461,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in shares of Chart Industries during the 3rd quarter worth approximately $34,000. UMB Bank n.a. lifted its position in shares of Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares during the period. Ecofi Investissements SA bought a new position in Chart Industries during the second quarter worth $50,000. Mendota Financial Group LLC grew its holdings in Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 203 shares during the period. Finally, nVerses Capital LLC bought a new stake in Chart Industries in the third quarter valued at $87,000.

Chart Industries Stock Down 2.0 %

GTLS opened at $214.02 on Thursday. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The firm has a market capitalization of $9.16 billion, a P/E ratio of 62.03, a PEG ratio of 0.65 and a beta of 1.84. The company’s 50-day moving average is $193.47 and its 200 day moving average is $153.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 earnings per share. Research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GTLS. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Craig Hallum boosted their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. Bank of America lowered their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Stifel Nicolaus boosted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $188.75.

Chart Industries Company 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.