Sheets Smith Wealth Management purchased a new stake in shares of Chart Industries, Inc. (NASDAQ:GTLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,095 shares of the industrial products company’s stock, valued at approximately $239,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. PEAK6 Investments L.P. acquired a new stake in shares of Chart Industries during the third quarter valued at approximately $393,000. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of Chart Industries during the third quarter valued at approximately $8,409,000. Dimensional Fund Advisors LP raised its holdings in shares of Chart Industries by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,431,180 shares of the industrial products company’s stock valued at $95,375,000 after acquiring an additional 80,677 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Chart Industries by 7.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 239,213 shares of the industrial products company’s stock valued at $9,385,000 after acquiring an additional 16,034 shares during the period. Finally, Barings LLC acquired a new stake in shares of Chart Industries during the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

A number of research firms have recently issued reports on GTLS. BidaskClub upgraded shares of Chart Industries from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Cowen set a $50.00 price objective on shares of Chart Industries and gave the company a “hold” rating in a research note on Thursday, January 4th. Lake Street Capital set a $59.00 price objective on shares of Chart Industries and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Seaport Global Securities upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, October 27th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $52.67.

Chart Industries, Inc. (GTLS) opened at $54.82 on Friday. The firm has a market cap of $1,686.87, a P/E ratio of 105.42, a price-to-earnings-growth ratio of 1.54 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74. Chart Industries, Inc. has a 12 month low of $32.04 and a 12 month high of $54.95.

Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.07. The firm had revenue of $240.50 million for the quarter, compared to analyst estimates of $235.96 million. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. equities research analysts expect that Chart Industries, Inc. will post 0.84 earnings per share for the current year.

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Chart Industries Profile

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

Institutional Ownership by Quarter for Chart Industries (NASDAQ:GTLS)

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