Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,617 shares of the industrial products company’s stock after purchasing an additional 3,948 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Chart Industries worth $8,318,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Analysts LLC acquired a new position in Chart Industries in the fourth quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Chart Industries during the first quarter worth approximately $25,000. Global X Japan Co. Ltd. raised its stake in shares of Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Byrne Asset Management LLC purchased a new position in Chart Industries in the first quarter worth $45,000. Finally, Quadrant Capital Group LLC raised its position in Chart Industries by 42.9% in the fourth quarter. Quadrant Capital Group LLC now owns 340 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 102 shares in the last quarter.

Chart Industries Stock Down 2.3%

GTLS stock opened at $167.82 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.21. The stock has a market capitalization of $7.67 billion, a P/E ratio of 33.90, a P/E/G ratio of 0.67 and a beta of 1.68. The business has a 50-day moving average of $159.61 and a 200-day moving average of $165.08. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.02. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $1.49 earnings per share. The firm’s quarterly revenue was up 38.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GTLS. Barclays set a $169.00 price objective on Chart Industries and gave the stock an “equal weight” rating in a report on Thursday, July 10th. TD Cowen dropped their target price on Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company dropped their target price on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st. Morgan Stanley dropped their price objective on Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Finally, The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $199.82.

Chart Industries Company 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.