NBW Capital LLC Acquires 5,074 Shares of Chart Industries, Inc. (NYSE:GTLS)

NBW Capital LLC grew its holdings in Chart Industries, Inc. (NYSE:GTLS) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,325 shares of the industrial products company’s stock after acquiring an additional 5,074 shares during the quarter. Chart Industries accounts for 2.2% of NBW Capital LLC’s portfolio, making the stock its 11th largest holding. NBW Capital LLC owned approximately 0.15% of Chart Industries worth $12,085,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Prudent Man Advisors LLC bought a new position in Chart Industries in the fourth quarter worth $230,000. Flputnam Investment Management Co. lifted its position in Chart Industries by 0.6% in the fourth quarter. Flputnam Investment Management Co. now owns 17,206 shares of the industrial products company’s stock worth $3,283,000 after purchasing an additional 108 shares during the period. GW&K Investment Management LLC lifted its position in Chart Industries by 1.5% in the fourth quarter. GW&K Investment Management LLC now owns 516,658 shares of the industrial products company’s stock worth $98,599,000 after purchasing an additional 7,669 shares during the period. Finally, Verus Capital Partners LLC bought a new position in Chart Industries in the fourth quarter worth $234,000.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $163.97 on Tuesday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The firm has a market cap of $7.02 billion, a PE ratio of 47.53, a price-to-earnings-growth ratio of 0.57 and a beta of 1.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The business has a fifty day moving average of $199.18 and a 200-day moving average of $164.01.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.25 earnings per share. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on GTLS shares. BTIG Research raised their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Citigroup increased their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Stifel Nicolaus increased their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. TD Cowen increased their price objective on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Raymond James reiterated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.54.

About Chart Industries

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.