Geode Capital Management LLC Acquires 19,534 Shares of Chart Industries, Inc. (NYSE:GTLS)

Geode Capital Management LLC grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 993,199 shares of the industrial products company’s stock after purchasing an additional 19,534 shares during the period. Geode Capital Management LLC’s holdings in Chart Industries were worth $123,318,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Chart Industries during the third quarter worth about $34,000. UMB Bank n.a. increased its position in shares of Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the last quarter. Ecofi Investissements SA bought a new stake in shares of Chart Industries during the 2nd quarter worth approximately $50,000. Mendota Financial Group LLC boosted its holdings in shares of Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Chart Industries in the third quarter valued at $87,000.

Wall Street Analyst Weigh In

GTLS has been the topic of several analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Wells Fargo & Company dropped their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Craig Hallum lifted their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group lowered their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Finally, Stifel Nicolaus raised their price objective on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with 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, Chart Industries presently has an average rating of “Moderate Buy” and an average target price of $181.42.

Chart Industries Price Performance

Chart Industries stock opened at $196.51 on Wednesday. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 56.96, a PEG ratio of 1.01 and a beta of 1.86. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $204.23. The stock’s 50 day moving average is $160.93 and its 200-day moving average is $143.25.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. Equities research analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current year.

About Chart Industries

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.