Harvest Management LLC Buys New Holdings in Chart Industries, Inc. $GTLS

Harvest Management LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,000 shares of the industrial products company’s stock, valued at approximately $823,000. Chart Industries comprises approximately 0.4% of Harvest Management LLC’s investment portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in GTLS. Nordea Investment Management AB raised its holdings in Chart Industries by 5.7% during the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock valued at $317,248,000 after buying an additional 102,226 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Chart Industries by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company’s stock valued at $168,853,000 after acquiring an additional 105,027 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chart Industries by 6.4% during the second quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company’s stock worth $178,804,000 after purchasing an additional 65,078 shares during the period. Gates Capital Management Inc. grew its stake in shares of Chart Industries by 61.5% in the first quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock worth $112,115,000 after purchasing an additional 295,738 shares during the last quarter. Finally, Perpetual Ltd bought a new position in Chart Industries during the 2nd quarter valued at approximately $107,498,000.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of research analyst reports. Citigroup lowered Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price target 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. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $206.33.

Chart Industries Trading Up 0.1%

NYSE:GTLS opened at $205.55 on Thursday. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $220.03. The company’s 50-day simple moving average is $201.81 and its 200 day simple moving average is $187.24. The firm has a market capitalization of $9.24 billion, a P/E ratio of 250.68, a PEG ratio of 1.29 and a beta of 1.76. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business earned $2.18 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast 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.