Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 60.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,951 shares of the industrial products company’s stock after purchasing an additional 4,856 shares during the period. Janney Montgomery Scott LLC’s holdings in Chart Industries were worth $1,766,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Johnson Investment Counsel Inc. boosted its holdings in shares of Chart Industries by 4.7% in the fourth quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock worth $301,000 after buying an additional 99 shares during the period. State of Michigan Retirement System boosted its holdings in shares of Chart Industries by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Chart Industries by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 104 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in shares of Chart Industries by 6.0% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,946 shares of the industrial products company’s stock worth $265,000 after buying an additional 111 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Chart Industries by 1.4% in the third quarter. Arizona State Retirement System now owns 11,949 shares of the industrial products company’s stock worth $2,021,000 after buying an additional 165 shares during the period.

Analysts Set New Price Targets

GTLS has been the subject of several recent analyst reports. TD Cowen raised their target price on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Stifel Nicolaus decreased their price target on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a report on Monday, May 6th. Barclays assumed coverage on shares of Chart Industries in a report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price target for the company. Morgan Stanley assumed coverage on shares of Chart Industries in a report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target for the company. Finally, UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $152.00 to $170.00 in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $196.21.

Chart Industries Price Performance

NYSE GTLS opened at $150.82 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $6.46 billion, a PE ratio of 150.82, a price-to-earnings-growth ratio of 0.42 and a beta of 1.73. The company has a 50 day moving average price of $154.50 and a two-hundred day moving average price of $138.48. Chart Industries, Inc. has a 12-month low of $106.66 and a 12-month high of $184.65.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The firm had revenue of $950.70 million during the quarter, compared to the consensus estimate of $970.91 million. During the same period in the prior year, the business earned $1.41 EPS. The company’s revenue for the quarter was up 76.7% compared to the same quarter last year. As a group, equities analysts predict that Chart Industries, Inc. will post 11.94 earnings per share for the current fiscal year.

Chart Industries 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.