Chart Industries, Inc. (NYSE:GTLS) Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 463,484 shares of the industrial products company’s stock after purchasing an additional 7,978 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Chart Industries were worth $63,187,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Mendota Financial Group LLC bought a new position in Chart Industries in the 4th quarter worth about $77,000. Sentry Investment Management LLC acquired a new position in shares of Chart Industries during the fourth quarter valued at $123,000. CIBC Asset Management Inc bought a new stake in shares of Chart Industries during the third quarter valued at about $200,000. Horizon Family Wealth Inc. acquired a new stake in Chart Industries in the third quarter worth about $200,000. Finally, Journey Strategic Wealth LLC acquired a new position in Chart Industries during the 3rd quarter valued at about $203,000.

Analyst Ratings Changes

GTLS has been the subject of a number of research analyst reports. TD Cowen upped their target price on Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Stifel Nicolaus lowered their target price on Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Piper Sandler upped their price target on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, May 6th. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Finally, Wells Fargo & Company boosted their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries has an average rating of “Moderate Buy” and an average price target of $196.21.

Chart Industries Trading Down 2.2 %

Shares of NYSE GTLS opened at $157.25 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. Chart Industries, Inc. has a one year low of $106.66 and a one year high of $184.65. The business has a 50-day moving average price of $153.03 and a two-hundred day moving average price of $136.60. The firm has a market capitalization of $6.73 billion, a PE ratio of 157.25, a PEG ratio of 0.42 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The company had revenue of $950.70 million during the quarter, compared to analyst estimates of $970.91 million. During the same period last year, the company posted $1.41 earnings per share. The company’s revenue was up 76.7% compared to the same quarter last year. As a group, analysts predict that Chart Industries, Inc. will post 11.91 earnings per share for the current fiscal 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.