GABELLI & Co INVESTMENT ADVISERS INC. Makes New $1.56 Million Investment in Chart Industries, Inc. $GTLS

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Chart Industries, Inc. (NYSE:GTLS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,450 shares of the industrial products company’s stock, valued at approximately $1,556,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allworth Financial LP increased its stake in Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Brooklyn Investment Group grew its holdings in shares of Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares during the last quarter. SVB Wealth LLC purchased a new position in Chart Industries in the 1st quarter worth about $30,000. Bessemer Group Inc. increased its stake in Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after buying an additional 93 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in Chart Industries during the 2nd quarter valued at about $33,000.

Analyst Ratings Changes

GTLS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 1st. Finally, Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chart Industries currently has an average rating of “Hold” and a consensus target price of $206.33.

Chart Industries Trading Down 0.0%

NYSE:GTLS opened at $205.01 on Friday. The firm has a 50-day simple moving average of $201.50 and a 200-day simple moving average of $186.26. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $220.03. The firm has a market cap of $9.22 billion, a P/E ratio of 250.02, a P/E/G ratio of 1.29 and a beta of 1.76. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. Chart Industries’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.18 earnings per share. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Chart Industries 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.