Inspire Advisors LLC Grows Stake in Chart Industries, Inc. $GTLS

Inspire Advisors LLC grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 30.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,530 shares of the industrial products company’s stock after purchasing an additional 1,513 shares during the period. Inspire Advisors LLC’s holdings in Chart Industries were worth $1,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Perpetual Ltd acquired a new position in Chart Industries during the 2nd quarter valued at about $107,498,000. Gates Capital Management Inc. increased its holdings in shares of Chart Industries by 61.5% during the first quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock valued at $112,115,000 after acquiring an additional 295,738 shares in the last quarter. Van Berkom & Associates Inc. raised its position in shares of Chart Industries by 101.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company’s stock valued at $54,095,000 after purchasing an additional 188,477 shares during the last quarter. Bank of Montreal Can boosted its stake in Chart Industries by 2,320.3% in the 2nd quarter. Bank of Montreal Can now owns 170,683 shares of the industrial products company’s stock worth $28,103,000 after purchasing an additional 163,631 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in Chart Industries by 77.7% during the 1st quarter. Driehaus Capital Management LLC now owns 340,198 shares of the industrial products company’s stock worth $49,111,000 after purchasing an additional 148,703 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GTLS shares. JPMorgan Chase & Co. raised their price target on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. UBS Group reissued a “neutral” rating and issued a $210.00 target price (down from $225.00) on shares of Chart Industries in a research report on Wednesday, July 30th. Johnson Rice cut Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target for the company. in a research report on Wednesday, July 30th. Cowen lowered Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, Hsbc Global Res raised Chart Industries to a “hold” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $205.08.

Chart Industries Stock Up 0.0%

Shares of GTLS stock opened at $203.64 on Wednesday. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The stock has a market cap of $9.15 billion, a P/E ratio of 248.34, a P/E/G ratio of 1.15 and a beta of 1.78. The stock has a 50 day moving average of $200.35 and a 200 day moving average of $182.77. The company has a current ratio of 1.40, a quick ratio of 1.27 and a debt-to-equity ratio of 1.08.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.24). The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.18 EPS. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Chart Industries Company 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.