Walleye Capital LLC Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

Walleye Capital LLC bought a new position in Chart Industries, Inc. (NYSE:GTLSGet Rating) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,097 shares of the industrial products company’s stock, valued at approximately $532,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. KB Financial Partners LLC purchased a new stake in Chart Industries in the 1st quarter worth approximately $28,000. Krane Funds Advisors LLC purchased a new stake in Chart Industries in the 1st quarter worth approximately $40,000. Huntington National Bank lifted its stake in Chart Industries by 103.3% in the 1st quarter. Huntington National Bank now owns 307 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 156 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Chart Industries by 35.1% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,047 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 272 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its stake in Chart Industries by 48.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,171 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 383 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Chart Industries from $175.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, June 9th. The Goldman Sachs Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $200.00 to $259.00 in a report on Thursday, September 15th. Cowen increased their price target on shares of Chart Industries from $195.00 to $225.00 in a report on Monday, August 1st. Credit Suisse Group increased their price target on shares of Chart Industries from $203.00 to $224.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Finally, Craig Hallum increased their price target on shares of Chart Industries from $225.00 to $243.00 in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.00.

Chart Industries Price Performance

GTLS stock opened at $197.82 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.31. Chart Industries, Inc. has a 52 week low of $108.29 and a 52 week high of $218.95. The firm’s fifty day moving average is $197.85 and its 200 day moving average is $177.77. The firm has a market cap of $7.25 billion, a P/E ratio of 163.49 and a beta of 1.50.

Chart Industries (NYSE:GTLSGet Rating) last announced its quarterly earnings results on Friday, July 29th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $404.80 million for the quarter, compared to analyst estimates of $391.17 million. Chart Industries had a net margin of 3.42% and a return on equity of 6.28%. Research analysts predict that Chart Industries, Inc. will post 4.51 earnings per share for the current year.

About Chart Industries

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Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

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Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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