MainStreet Investment Advisors LLC Grows Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

MainStreet Investment Advisors LLC increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 109.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,290 shares of the industrial products company’s stock after buying an additional 1,197 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Chart Industries were worth $331,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Analysts LLC purchased a new stake in Chart Industries during the fourth quarter worth $25,000. Smartleaf Asset Management LLC boosted its holdings in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after buying an additional 92 shares in the last quarter. Global X Japan Co. Ltd. boosted its holdings in Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Chart Industries during the first quarter worth $25,000. Finally, Byrne Asset Management LLC purchased a new stake in Chart Industries during the first quarter worth $45,000.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $170.10 on Friday. The firm has a 50-day simple moving average of $157.99 and a 200-day simple moving average of $166.42. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.68. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The company’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 earnings per share. On average, equities analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st. Morgan Stanley reduced their price objective on shares of Chart Industries from $250.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. Barclays reduced their price objective on shares of Chart Industries from $171.00 to $169.00 and set an “equal weight” rating for the company in a research report on Thursday. Stifel Nicolaus reduced their price objective on shares of Chart Industries from $231.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, TD Cowen reduced their price objective on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Buy” and a consensus target price of $199.82.

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.