Envestnet Asset Management Inc. Purchases 3,948 Shares of Chart Industries, Inc. (NYSE:GTLS)

Envestnet Asset Management Inc. grew its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,617 shares of the industrial products company’s stock after purchasing an additional 3,948 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of Chart Industries worth $8,318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Chart Industries by 4.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,569 shares of the industrial products company’s stock valued at $1,444,000 after acquiring an additional 326 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Chart Industries by 6.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company’s stock valued at $356,000 after acquiring an additional 114 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Chart Industries by 13.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 11,158 shares of the industrial products company’s stock valued at $2,129,000 after acquiring an additional 1,281 shares during the last quarter. Xponance Inc. lifted its stake in shares of Chart Industries by 4.7% in the 4th quarter. Xponance Inc. now owns 6,031 shares of the industrial products company’s stock valued at $1,151,000 after acquiring an additional 269 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Chart Industries in the 4th quarter valued at about $2,137,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $167.82 on Tuesday. The business’s fifty day simple moving average is $159.61 and its 200-day simple moving average is $165.08. The company has a market cap of $7.67 billion, a PE ratio of 19.34, a PEG ratio of 0.67 and a beta of 1.68. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 EPS. Analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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