Norden Group LLC Acquires Shares of 1,339 Chart Industries, Inc. (NYSE:GTLS)

Norden Group LLC acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLSFree Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,339 shares of the industrial products company’s stock, valued at approximately $221,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Graham Capital Management L.P. acquired a new stake in shares of Chart Industries in the 3rd quarter worth about $569,000. Wellington Management Group LLP grew its position in Chart Industries by 1.6% in the 3rd quarter. Wellington Management Group LLP now owns 219,027 shares of the industrial products company’s stock valued at $37,042,000 after buying an additional 3,449 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Chart Industries by 39.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 25,264 shares of the industrial products company’s stock valued at $4,272,000 after buying an additional 7,148 shares in the last quarter. Benson Investment Management Company Inc. bought a new position in Chart Industries in the 4th quarter valued at about $3,317,000. Finally, Nordea Investment Management AB grew 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 valued at $268,088,000 after buying an additional 101,404 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GTLS shares. UBS Group upgraded 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 research report on Tuesday, March 19th. The Goldman Sachs Group increased their target price on shares of Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Piper Sandler increased their target price on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Morgan Stanley assumed coverage on shares of Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price for the company. Finally, Stifel Nicolaus reduced their price objective on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.92.

Read Our Latest Stock Analysis on GTLS

Chart Industries Price Performance

NYSE GTLS opened at $135.03 on Wednesday. The company has a 50 day simple moving average of $148.58 and a 200-day simple moving average of $142.52. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 135.03, a price-to-earnings-growth ratio of 0.40 and a beta of 1.74. Chart Industries, Inc. has a 52-week low of $109.48 and a 52-week high of $184.65.

Chart Industries (NYSE:GTLSGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.39). The business had revenue of $950.70 million for the quarter, compared to the consensus estimate of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. Chart Industries’s revenue was up 76.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 EPS. Equities research analysts predict that Chart Industries, Inc. will post 11.94 earnings per share for the current fiscal year.

About Chart Industries

(Free Report)

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.

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

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