First Trust Direct Indexing L.P. Boosts Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

First Trust Direct Indexing L.P. lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,946 shares of the industrial products company’s stock after acquiring an additional 111 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Chart Industries were worth $265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GTLS. Victory Capital Management Inc. raised its position in Chart Industries by 7.2% in the fourth quarter. Victory Capital Management Inc. now owns 276,010 shares of the industrial products company’s stock worth $37,628,000 after acquiring an additional 18,568 shares during the period. Hollow Brook Wealth Management LLC raised its stake in shares of Chart Industries by 30.1% in the fourth quarter. Hollow Brook Wealth Management LLC now owns 30,303 shares of the industrial products company’s stock valued at $4,131,000 after buying an additional 7,002 shares during the period. Duff & Phelps Investment Management Co. lifted its position in shares of Chart Industries by 53.8% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 9,104 shares of the industrial products company’s stock valued at $1,241,000 after buying an additional 3,185 shares during the last quarter. Retirement Systems of Alabama boosted its position in Chart Industries by 6.0% during the fourth quarter. Retirement Systems of Alabama now owns 109,144 shares of the industrial products company’s stock worth $14,880,000 after purchasing an additional 6,165 shares during the period. Finally, Truist Financial Corp boosted its holdings in Chart Industries by 35.5% in the 4th quarter. Truist Financial Corp now owns 26,503 shares of the industrial products company’s stock worth $3,613,000 after buying an additional 6,949 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GTLS. TD Cowen lifted their price objective on Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. Morgan Stanley assumed coverage on Chart Industries in a research note on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Stifel Nicolaus decreased their target price on Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and an average target price of $196.46.

Chart Industries Trading Up 1.5 %

Chart Industries stock opened at $160.30 on Wednesday. The business’s fifty day moving average is $151.62 and its 200 day moving average is $135.92. Chart Industries, Inc. has a one year low of $106.66 and a one year high of $184.65. The stock has a market capitalization of $6.74 billion, a PE ratio of 160.30, a price-to-earnings-growth ratio of 0.43 and a beta of 1.73. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $970.91 million. During the same period in the previous year, the company earned $1.41 EPS. Chart Industries’s revenue for the quarter was up 76.7% compared to the same quarter last year. On average, sell-side analysts predict that Chart Industries, Inc. will post 11.98 EPS for the current year.

Chart Industries 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.