AMJ Financial Wealth Management Invests $3.71 Million in Chart Industries, Inc. (NYSE:GTLS)

AMJ Financial Wealth Management purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,463 shares of the industrial products company’s stock, valued at approximately $3,714,000.

Several other hedge funds also recently added to or reduced their stakes in GTLS. King Luther Capital Management Corp grew its holdings in shares of Chart Industries by 2.9% during the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after purchasing an additional 29,139 shares during the last quarter. Geode Capital Management LLC grew its stake in Chart Industries by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after buying an additional 19,534 shares during the last quarter. Principal Financial Group Inc. grew its stake in Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after buying an additional 32,442 shares during the last quarter. Fisher Asset Management LLC increased its position in 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 buying an additional 13,181 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after buying an additional 262,592 shares during the last quarter.

Chart Industries Stock Down 13.9 %

GTLS opened at $163.97 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. 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 $7.02 billion, a P/E ratio of 47.53, a P/E/G ratio of 0.57 and a beta of 1.84. The business has a 50 day simple moving average of $199.18 and a 200-day simple moving average of $164.01.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, February 28th. The industrial products company reported $2.66 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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business posted $2.25 EPS. Chart Industries’s 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 fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GTLS shares. TD Cowen raised their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group raised their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Craig Hallum upped their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays lowered their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Raymond James restated a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.54.

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.