Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Pathstone Family Office LLC

Posted by Defense World Staff on Mar 14th, 2023

Pathstone Family Office LLC lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS – Get Rating) by 49.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,944 shares of the industrial products company’s stock after buying an additional 1,297 shares during the quarter. Pathstone Family Office LLC’s holdings in Chart Industries were worth $727,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GTLS. Brown Brothers Harriman & Co. raised its stake in shares of Chart Industries by 212.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 156 shares of the industrial products company’s stock worth $26,000 after buying an additional 106 shares during the period. KB Financial Partners LLC purchased a new stake in shares of Chart Industries during the first quarter worth approximately $28,000. Harbor Investment Advisory LLC purchased a new stake in shares of Chart Industries during the third quarter worth approximately $29,000. Larson Financial Group LLC purchased a new stake in shares of Chart Industries during the third quarter worth approximately $41,000. Finally, Quadrant Capital Group LLC increased its position in shares of Chart Industries by 121.2% during the third quarter. Quadrant Capital Group LLC now owns 292 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 160 shares in the last quarter.

Chart Industries Stock Performance

NYSE GTLS opened at $116.50 on Tuesday. The stock has a market cap of $4.98 billion, a PE ratio of 204.39 and a beta of 1.46. The company has a current ratio of 3.41, a quick ratio of 3.08 and a debt-to-equity ratio of 0.76. Chart Industries, Inc. has a twelve month low of $107.68 and a twelve month high of $242.59. The stock has a fifty day simple moving average of $132.11 and a 200-day simple moving average of $156.86.

Chart Industries (NYSE:GTLS – Get Rating) last posted its earnings results on Friday, February 24th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. Chart Industries had a return on equity of 7.84% and a net margin of 1.40%. The firm had revenue of $441.40 million for the quarter, compared to analyst estimates of $490.88 million. During the same quarter in the prior year, the company earned $0.73 EPS. Chart Industries’s revenue was up 16.5% on a year-over-year basis. Equities analysts anticipate that Chart Industries, Inc. will post 6.03 earnings per share for the current year.

Analyst Ratings Changes

GTLS has been the subject of several research reports. Cowen dropped their price target on Chart Industries to $200.00 in a research report on Wednesday, November 16th. Piper Sandler cut Chart Industries from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $228.00 to $133.00 in a report on Friday, November 18th. Craig Hallum dropped their target price on Chart Industries from $249.00 to $205.00 and set a “buy” rating for the company in a report on Monday, February 13th. BTIG Research dropped their target price on Chart Industries to $200.00 in a report on Tuesday, November 15th. Finally, TheStreet cut Chart Industries from a “b-” rating to a “c” rating in a report on Friday, February 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and a consensus price target of $193.60.

Chart Industries Company Profile

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Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.