Texas Yale Capital Corp. Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Texas Yale Capital Corp. acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the first quarter, Holdings Channel.com reports. The firm acquired 8,600 shares of the industrial products company’s stock, valued at approximately $1,241,000.

Several other large investors have also recently made changes to their positions in the company. First Manhattan CO. LLC. increased its position in shares of Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock worth $340,000 after purchasing an additional 54 shares in the last quarter. Xponance Inc. increased its position in shares of Chart Industries by 1.4% during the first quarter. Xponance Inc. now owns 6,116 shares of the industrial products company’s stock worth $883,000 after purchasing an additional 85 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Chart Industries by 1.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company’s stock worth $979,000 after purchasing an additional 98 shares in the last quarter. Global X Japan Co. Ltd. increased its position in shares of 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 purchasing an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System increased its position in shares of Chart Industries by 1.0% during the first quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,458,000 after purchasing an additional 100 shares in the last quarter.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $171.82 on Monday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The business’s fifty day simple moving average is $159.38 and its 200-day simple moving average is $163.98. The firm has a market cap of $7.85 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.67 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 (NYSE:GTLS) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $1.49 EPS. The company’s quarterly revenue was up 38.8% on a year-over-year basis. Equities analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analyst Weigh In

GTLS has been the subject of several research reports. Morgan Stanley dropped their price target on Chart Industries from $250.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. Wells Fargo & Company dropped their target price on Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. TD Cowen dropped their target price on Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the company a “neutral” rating in a report on Wednesday, May 28th. Finally, Barclays dropped their target price on Chart Industries from $171.00 to $169.00 and set an “equal weight” rating for the company in a report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $199.82.

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.