DLD Asset Management LP Makes New $5.23 Million Investment in Chart Industries, Inc. $GTLS

DLD Asset Management LP purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 26,135 shares of the industrial products company’s stock, valued at approximately $5,231,000. DLD Asset Management LP owned approximately 0.06% of Chart Industries at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 70 shares during the last quarter. United Community Bank boosted its position in shares of Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 71 shares during the last quarter. Clearstead Advisors LLC grew its position in Chart Industries by 243.3% in the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 100 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Zacks Research raised Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $204.10.

Chart Industries Trading Down 0.0%

NYSE GTLS opened at $207.23 on Monday. The firm’s fifty day moving average price is $207.06 and its 200 day moving average price is $203.47. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $208.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 797.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $2.66 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.