Level Four Advisory Services LLC Makes New $368,000 Investment in Chart Industries, Inc. (NYSE:GTLS)

Level Four Advisory Services LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,933 shares of the industrial products company’s stock, valued at approximately $368,000.

Other institutional investors have also modified their holdings of the company. Capital World Investors lifted its stake in Chart Industries by 16.1% in the first quarter. Capital World Investors now owns 4,402,819 shares of the industrial products company’s stock valued at $756,272,000 after buying an additional 609,148 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Chart Industries by 3.7% in the first quarter. William Blair Investment Management LLC now owns 1,782,724 shares of the industrial products company’s stock valued at $223,554,000 after purchasing an additional 64,280 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Chart Industries by 63.1% in the first quarter. Wellington Management Group LLP now owns 1,339,412 shares of the industrial products company’s stock valued at $230,071,000 after purchasing an additional 517,951 shares in the last quarter. State Street Corp lifted its holdings in shares of Chart Industries by 1.7% in the third quarter. State Street Corp now owns 1,153,477 shares of the industrial products company’s stock valued at $212,643,000 after purchasing an additional 19,413 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Chart Industries by 6.5% in the first quarter. Invesco Ltd. now owns 1,127,603 shares of the industrial products company’s stock valued at $193,688,000 after purchasing an additional 69,149 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Capital One Financial assumed coverage on shares of Chart Industries in a research report on Friday, July 14th. They issued an “equal weight” rating and a $174.00 price objective on the stock. StockNews.com started coverage on shares of Chart Industries in a research report on Wednesday, August 23rd. They issued a “sell” rating on the stock. Raymond James upped their target price on Chart Industries from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. CL King upped their target price on Chart Industries from $165.00 to $193.00 in a report on Thursday, June 29th. Finally, Piper Sandler upped their target price on Chart Industries from $131.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.86.

Chart Industries Price Performance

Shares of GTLS opened at $171.44 on Tuesday. The firm has a market capitalization of $7.33 billion, a PE ratio of -372.69, a PEG ratio of 0.63 and a beta of 1.56. The company’s 50-day moving average is $169.65 and its 200-day moving average is $141.84. Chart Industries, Inc. has a fifty-two week low of $101.44 and a fifty-two week high of $242.59. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.38 and a quick ratio of 1.04.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, July 28th. The industrial products company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.25. The company had revenue of $908.10 million for the quarter, compared to analyst estimates of $971.28 million. Chart Industries had a positive return on equity of 8.21% and a negative net margin of 0.28%. The firm’s quarterly revenue was up 124.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Equities analysts forecast that Chart Industries, Inc. will post 6.28 EPS for the current year.

Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.