2,600 Shares in Chart Industries, Inc. (NYSE:GTLS) Acquired by Canton Hathaway LLC

Canton Hathaway LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,600 shares of the industrial products company’s stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Analysts LLC acquired a new position in shares of Chart Industries in the fourth quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chart Industries in the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. increased its holdings in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. Finally, Fairway Wealth LLC acquired a new position in shares of Chart Industries in the fourth quarter valued at approximately $34,000.

Chart Industries Trading Down 1.0%

Shares of NYSE GTLS opened at $142.60 on Friday. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 0.55 and a beta of 1.71. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. The stock’s 50 day simple moving average is $148.97 and its 200 day simple moving average is $169.23.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The business’s revenue was up 38.8% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. Equities research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

GTLS has been the topic of several recent research reports. Morgan Stanley reduced their price objective on Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. TD Cowen reduced their target price on Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Wells Fargo & Company reduced their target price on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 1st. Finally, Barclays increased their target price on Chart Industries from $160.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $200.00.

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.