Yousif Capital Management LLC Increases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Yousif Capital Management LLC boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,946 shares of the industrial products company’s stock after buying an additional 373 shares during the period. Yousif Capital Management LLC’s holdings in Chart Industries were worth $2,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of GTLS. Federated Hermes Inc. raised its stake in shares of Chart Industries by 83.9% during the 3rd quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company’s stock valued at $100,159,000 after buying an additional 270,133 shares during the last quarter. Gates Capital Management Inc. grew its holdings in Chart Industries by 39.3% during the third quarter. Gates Capital Management Inc. now owns 449,926 shares of the industrial products company’s stock worth $76,091,000 after acquiring an additional 127,000 shares during the period. Great Lakes Advisors LLC purchased a new position in Chart Industries during the third quarter valued at approximately $19,340,000. Nordea Investment Management AB boosted its position in Chart Industries by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after purchasing an additional 101,404 shares in the last quarter. Finally, Scout Investments Inc. boosted its position in Chart Industries by 19.1% in the 3rd quarter. Scout Investments Inc. now owns 555,921 shares of the industrial products company’s stock worth $92,655,000 after purchasing an additional 89,141 shares in the last quarter.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $148.50 on Tuesday. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 390.79, a price-to-earnings-growth ratio of 0.41 and a beta of 1.70. Chart Industries, Inc. has a 52 week low of $106.66 and a 52 week high of $184.65. The firm has a 50-day simple moving average of $148.76 and a 200-day simple moving average of $136.21. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The business’s revenue was up 130.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 earnings per share. On average, equities analysts predict that Chart Industries, Inc. will post 11.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on GTLS shares. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective for the company in a research report on Thursday, January 4th. Wells Fargo & Company raised their target price on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Morgan Stanley began coverage on Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target for the company. Finally, TD Cowen boosted their price objective on Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $194.85.

About Chart Industries

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.