Verus Capital Partners LLC Has $808,000 Stock Position in Chart Industries, Inc. $GTLS

Verus Capital Partners LLC lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 42.6% in the second quarter, HoldingsChannel reports. The fund owned 4,906 shares of the industrial products company’s stock after buying an additional 1,466 shares during the period. Verus Capital Partners LLC’s holdings in Chart Industries were worth $808,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in Chart Industries by 74.5% during the 2nd 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 last quarter. Brooklyn Investment Group grew its position in shares of Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares during the period. SVB Wealth LLC bought a new stake in shares of Chart Industries during the first quarter worth approximately $30,000. Bessemer Group Inc. lifted its holdings in Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after buying an additional 93 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in Chart Industries in the second quarter valued at approximately $33,000.

Chart Industries Trading Up 0.2%

NYSE GTLS opened at $203.43 on Wednesday. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.27. The firm has a market cap of $9.14 billion, a P/E ratio of 248.08, a P/E/G ratio of 1.15 and a beta of 1.78. The stock’s 50-day moving average is $199.92 and its 200-day moving average is $180.64.

Chart Industries (NYSE:GTLS) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.Chart Industries’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.18 earnings per share. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of analyst reports. Weiss Ratings cut shares of Chart Industries from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Friday. Seaport Res Ptn cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Raymond James Financial reiterated a “market perform” rating on shares of Chart Industries in a report on Wednesday, July 30th. Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Finally, BTIG Research lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $205.08.

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.