Chart Industries, Inc. (NYSE:GTLS) Stock Position Lifted by Legato Capital Management LLC

Legato Capital Management LLC increased its stake in Chart Industries, Inc. (NYSE:GTLS) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,820 shares of the industrial products company’s stock after purchasing an additional 140 shares during the period. Legato Capital Management LLC’s holdings in Chart Industries were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in shares of Chart Industries by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 391,497 shares of the industrial products company’s stock worth $56,509,000 after purchasing an additional 15,496 shares during the last quarter. EFG Asset Management North America Corp. increased its position in Chart Industries by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after acquiring an additional 63 shares during the period. EdgeRock Capital LLC acquired a new stake in Chart Industries in the 2nd quarter valued at approximately $252,000. JB Capital LLC acquired a new stake in Chart Industries in the 2nd quarter valued at approximately $1,256,000. Finally, Byrne Asset Management LLC acquired a new stake in Chart Industries in the 2nd quarter valued at approximately $40,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GTLS. Wells Fargo & Company lowered their price target on Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Stifel Nicolaus reiterated a “buy” rating and set a $199.00 price target on shares of Chart Industries in a research report on Monday. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. TD Cowen lifted their price target on Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Bank of America lifted their price target on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and an average price target of $189.31.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $126.04 on Wednesday. The stock has a market cap of $5.39 billion, a PE ratio of 126.04, a price-to-earnings-growth ratio of 0.44 and a beta of 1.74. The business has a fifty day simple moving average of $139.43 and a 200-day simple moving average of $145.20. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. Chart Industries, Inc. has a 12 month low of $106.88 and a 12 month high of $184.65.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the business earned $1.19 EPS. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 11.56 EPS 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.