Two Sigma Advisers LP Raises Stake in Chart Industries, Inc. (NASDAQ:GTLS)

Two Sigma Advisers LP lifted its position in Chart Industries, Inc. (NASDAQ:GTLS) by 29.3% in the first quarter, HoldingsChannel.com reports. The firm owned 62,200 shares of the industrial products company’s stock after purchasing an additional 14,100 shares during the quarter. Two Sigma Advisers LP’s holdings in Chart Industries were worth $1,803,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GTLS. FMR LLC lifted its stake in shares of Chart Industries by 77,936.9% during the 1st quarter. FMR LLC now owns 232,550 shares of the industrial products company’s stock valued at $21,050,000 after buying an additional 232,252 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Chart Industries by 284.6% during the fourth quarter. Victory Capital Management Inc. now owns 863,389 shares of the industrial products company’s stock valued at $58,270,000 after acquiring an additional 638,902 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Chart Industries by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 275,555 shares of the industrial products company’s stock valued at $18,598,000 after acquiring an additional 5,428 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of Chart Industries by 16.2% in the fourth quarter. Natixis Advisors L.P. now owns 20,951 shares of the industrial products company’s stock worth $1,414,000 after acquiring an additional 2,927 shares during the period. Finally, Bank of Montreal Can grew its position in shares of Chart Industries by 13.9% during the fourth quarter. Bank of Montreal Can now owns 9,256 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 1,129 shares in the last quarter.

In other news, Director W Douglas Brown sold 4,008 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $37.36, for a total transaction of $149,738.88. Following the transaction, the director now owns 8,286 shares of the company’s stock, valued at $309,564.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.68% of the stock is owned by insiders.

Several research analysts have weighed in on GTLS shares. TheStreet downgraded Chart Industries from a “b-” rating to a “c+” rating in a research note on Tuesday, March 17th. Evercore ISI upgraded shares of Chart Industries from an “in-line” rating to an “outperform” rating and set a $62.00 target price for the company in a research report on Monday. Zacks Investment Research raised Chart Industries from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Wednesday, June 24th. Lake Street Capital downgraded Chart Industries from a “buy” rating to a “reduce” rating and decreased their target price for the stock from $109.00 to $59.00 in a research report on Thursday, April 9th. Finally, Stifel Nicolaus raised their price target on Chart Industries from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.27.

GTLS stock opened at $48.49 on Wednesday. Chart Industries, Inc. has a twelve month low of $15.00 and a twelve month high of $78.80. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 17.23 and a beta of 1.67. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.63. The firm’s fifty day simple moving average is $40.26 and its two-hundred day simple moving average is $47.76.

Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Chart Industries had a net margin of 4.06% and a return on equity of 8.13%. The firm had revenue of $321.10 million during the quarter, compared to analysts’ expectations of $327.06 million. During the same period in the previous year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts expect that Chart Industries, Inc. will post 2.58 EPS for the current year.

Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.

Further Reading: What Factors Can Affect Return on Equity?

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Institutional Ownership by Quarter for Chart Industries (NASDAQ:GTLS)

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