Rice Hall James & Associates LLC Takes $6.64 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Rice Hall James & Associates LLC bought a new position in Chart Industries, Inc. (NYSE:GTLS) during the 1st quarter, Holdings Channel reports. The firm bought 45,975 shares of the industrial products company’s stock, valued at approximately $6,637,000.

Other large investors have also bought and sold shares of the company. Wolf Hill Capital Management LP acquired a new position in Chart Industries in the fourth quarter worth $101,121,000. Norges Bank acquired a new position in Chart Industries during the 4th quarter worth about $88,609,000. Dimensional Fund Advisors LP lifted its position in Chart Industries by 37.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock worth $203,178,000 after buying an additional 291,520 shares in the last quarter. Engaged Capital LLC bought a new stake in Chart Industries during the 4th quarter worth about $42,900,000. Finally, Frontier Capital Management Co. LLC increased its position in Chart Industries by 920.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company’s stock valued at $44,670,000 after acquiring an additional 211,134 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GTLS shares. Morgan Stanley reduced their target price on shares of Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Barclays lowered their target price on Chart Industries from $171.00 to $169.00 and set an “equal weight” rating for the company in a research note on Thursday. TD Cowen cut their price target on Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price target on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $199.82.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $167.90 on Monday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 0.65 and a beta of 1.68. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The business has a 50-day moving average of $158.21 and a 200-day moving average of $165.86. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21.

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

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.