Capricorn Fund Managers Ltd Acquires Shares of 33,383 Chart Industries, Inc. $GTLS

Capricorn Fund Managers Ltd acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,383 shares of the industrial products company’s stock, valued at approximately $6,885,000. Chart Industries makes up about 1.7% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 21st biggest position. Capricorn Fund Managers Ltd owned 0.07% of Chart Industries at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. United Community Bank lifted its position in Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Chart Industries by 95.9% during the third 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 period. Clearstead Advisors LLC raised its stake in shares of Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the period. CI Investments Inc. lifted its position in shares of Chart Industries by 36.9% during the third quarter. CI Investments Inc. now owns 271 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 73 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Chart Industries by 44.8% in the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 100 shares during the period.

Analyst Ratings Changes

GTLS has been the subject of a number of analyst reports. Wall Street Zen raised shares of Chart Industries to a “hold” rating in a research report on Saturday. Zacks Research cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $203.67.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $207.02 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $208.24. The firm’s 50-day simple moving average is $207.12 and its 200-day simple moving average is $204.59. The firm has a market cap of $9.91 billion, a PE ratio of 796.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last posted its quarterly 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 during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $2.66 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts forecast 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.