3,800 Shares in Chart Industries, Inc. (NYSE:GTLS) Purchased by Connective Portfolio Management LLC

Connective Portfolio Management LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,800 shares of the industrial products company’s stock, valued at approximately $725,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI boosted its holdings in shares of Chart Industries by 328.7% in the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock valued at $839,000 after purchasing an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after acquiring an additional 15,862 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Chart Industries by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after buying an additional 13,181 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Chart Industries during the third quarter valued at $373,000. Finally, Premier Fund Managers Ltd purchased a new stake in Chart Industries during the 3rd quarter valued at $733,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GTLS. Craig Hallum lifted their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group lifted their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Barclays cut their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Raymond James reiterated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Finally, Stifel Nicolaus increased their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Three 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, Chart Industries has an average rating of “Moderate Buy” and an average price target of $188.75.

Chart Industries Price Performance

GTLS opened at $213.23 on Thursday. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $213.66. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $187.82 and its 200 day moving average price is $150.24. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 61.81, a price-to-earnings-growth ratio of 0.73 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, sell-side analysts expect that Chart Industries, Inc. will post 8.86 earnings per share for the current 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.