Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,476 shares of the industrial products company’s stock after purchasing an additional 4,811 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Chart Industries worth $4,072,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also bought and sold shares of GTLS. Mackenzie Financial Corp boosted its stake in Chart Industries by 3.5% in the first quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 70 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in Chart Industries by 4.5% during the first quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in Chart Industries by 4.5% in the first quarter. First Trust Direct Indexing L.P. now owns 1,854 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 80 shares during the period. Xponance Inc. increased its stake in Chart Industries by 1.5% during the 1st quarter. Xponance Inc. now owns 6,810 shares of the industrial products company’s stock worth $854,000 after purchasing an additional 98 shares in the last quarter. Finally, Kercheville Advisors LLC raised its holdings in Chart Industries by 5.7% during the 1st quarter. Kercheville Advisors LLC now owns 1,865 shares of the industrial products company’s stock worth $234,000 after buying an additional 100 shares during the period.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Capital One Financial assumed coverage on Chart Industries in a report on Friday, July 14th. They set an “equal weight” rating and a $174.00 target price for the company. StockNews.com initiated coverage on shares of Chart Industries in a report on Thursday, May 18th. They set a “sell” rating on the stock. Raymond James upped their price objective on Chart Industries from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. 22nd Century Group restated a “maintains” rating on shares of Chart Industries in a research note on Friday, June 30th. Finally, CL King boosted their target price on shares of Chart Industries from $165.00 to $193.00 in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and an average target price of $200.86.
Chart Industries Stock Performance
NYSE GTLS opened at $168.42 on Friday. Chart Industries, Inc. has a fifty-two week low of $101.44 and a fifty-two week high of $242.59. The firm’s fifty day moving average price is $156.63 and its two-hundred day moving average price is $132.83. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.04 and a current ratio of 1.38. The stock has a market cap of $7.20 billion, a PE ratio of -366.12, a PEG ratio of 0.60 and a beta of 1.55.
Chart Industries (NYSE:GTLS – Get Free Report) last posted its earnings results on Friday, July 28th. The industrial products company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.25. The firm had revenue of $908.10 million for the quarter, compared to analyst estimates of $971.28 million. Chart Industries had a negative net margin of 0.28% and a positive return on equity of 8.21%. The company’s revenue for the quarter was up 124.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. On average, equities analysts expect that Chart Industries, Inc. will post 6.21 EPS for the current fiscal year.
Chart Industries Profile
Chart Industries, Inc manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.
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