Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires Shares of 1,078 Chart Industries, Inc. (NYSE:GTLS)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,078 shares of the industrial products company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI lifted its position in shares of Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after acquiring an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after acquiring an additional 15,862 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after acquiring an additional 13,181 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its position in shares of Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Chart Industries during the third quarter worth $373,000.

Chart Industries Stock Up 4.0 %

Shares of NYSE:GTLS opened at $149.89 on Friday. The stock’s 50-day moving average price is $196.25 and its 200-day moving average price is $164.79. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a market capitalization of $6.85 billion, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

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

Wall Street Analyst Weigh In

GTLS has been the topic of a number of recent analyst reports. BTIG Research increased their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Wells Fargo & Company lowered their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group increased their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, 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 report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.08.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.95% of the company’s stock.

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.