Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.2% during the fourth quarter, Holdings Channel reports. The firm owned 276,010 shares of the industrial products company’s stock after purchasing an additional 18,568 shares during the quarter. Victory Capital Management Inc.’s holdings in Chart Industries were worth $37,628,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Mendota Financial Group LLC acquired a new position in Chart Industries in the 4th quarter worth about $77,000. Sentry Investment Management LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth approximately $123,000. CIBC Asset Management Inc bought a new position in Chart Industries in the 3rd quarter valued at $200,000. Horizon Family Wealth Inc. bought a new position in shares of Chart Industries in the third quarter valued at about $200,000. Finally, Journey Strategic Wealth LLC bought a new position in shares of Chart Industries in the third quarter worth about $203,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on GTLS. Stifel Nicolaus dropped their target price on Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley started coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target on the stock. TD Cowen boosted their price objective on Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Monday. Piper Sandler lifted their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Monday. Finally, Wells Fargo & Company raised their target price on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and a consensus price target of $196.46.

Chart Industries Stock Performance

NYSE:GTLS opened at $157.91 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a 50 day simple moving average of $151.04 and a 200 day simple moving average of $135.85. Chart Industries, Inc. has a 1-year low of $106.66 and a 1-year high of $184.65. The stock has a market cap of $6.64 billion, a P/E ratio of 157.91, a PEG ratio of 0.43 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last posted its 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 firm had revenue of $950.70 million for the quarter, compared to analyst estimates of $970.91 million. During the same period in the prior year, the business posted $1.41 EPS. The firm’s quarterly revenue was up 76.7% compared to the same quarter last year. Research analysts anticipate that Chart Industries, Inc. will post 11.98 earnings per share for the current year.

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.