Grantham Mayo Van Otterloo & Co. LLC Increases Stake in Chart Industries, Inc. $GTLS

Grantham Mayo Van Otterloo & Co. LLC boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 254.3% during the third quarter, HoldingsChannel reports. The fund owned 145,401 shares of the industrial products company’s stock after buying an additional 104,358 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Chart Industries were worth $29,102,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares during the period. United Community Bank raised its position in shares of Chart Industries by 364.5% in the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 113 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after buying an additional 71 shares in the last quarter. Clearstead Advisors LLC lifted its stake in shares of Chart Industries by 243.3% during the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Chart Industries by 44.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after buying an additional 100 shares during the period.

Chart Industries Price Performance

GTLS stock opened at $207.23 on Monday. The firm has a 50 day simple moving average of $207.06 and a two-hundred day simple moving average of $203.47. The stock has a market cap of $9.92 billion, a PE ratio of 797.07, a P/E/G ratio of 0.79 and a beta of 1.73. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business posted $2.66 EPS. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GTLS. Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Chart Industries has a consensus rating of “Hold” and a consensus target price of $204.10.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.