Lindbrook Capital LLC Grows Holdings in Chart Industries, Inc. (NYSE:GTLS)

Lindbrook Capital LLC grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 43.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228 shares of the industrial products company’s stock after buying an additional 69 shares during the quarter. Lindbrook Capital LLC’s holdings in Chart Industries were worth $44,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI boosted its stake in shares of Chart Industries by 328.7% during 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 buying an additional 5,181 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after buying an additional 15,862 shares during the last quarter. Fisher Asset Management LLC lifted its stake 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 purchasing an additional 13,181 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in 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 purchasing an additional 2,000 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new position in Chart Industries during the third quarter worth $373,000.

Analyst Ratings Changes

Several brokerages recently issued reports on GTLS. Barclays raised their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Citigroup raised 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 raised 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. Wells Fargo & Company reduced their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, TD Cowen raised 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, March 3rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Chart Industries has an average rating of “Moderate Buy” and an average price target of $194.08.

Chart Industries Stock Performance

GTLS stock opened at $149.89 on Friday. 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 stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 43.45, a PEG ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The stock’s fifty day moving average is $196.25 and its two-hundred day moving average is $164.79.

Chart Industries (NYSE:GTLS) last posted its earnings results 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). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate 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 in the previous year, the business posted $2.25 earnings per share. On average, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction dated 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 acquisition, the chief executive officer now owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.95% of the company’s stock.

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.