XTX Topco Ltd Raises Position in Chart Industries, Inc. $GTLS

XTX Topco Ltd increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 44.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,302 shares of the industrial products company’s stock after purchasing an additional 1,641 shares during the period. XTX Topco Ltd’s holdings in Chart Industries were worth $873,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GTLS. Bullseye Asset Management LLC increased its position in Chart Industries by 1,058.8% during the 2nd quarter. Bullseye Asset Management LLC now owns 25,204 shares of the industrial products company’s stock worth $4,150,000 after purchasing an additional 23,029 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Chart Industries by 5.4% in the second quarter. Ameritas Investment Partners Inc. now owns 13,346 shares of the industrial products company’s stock valued at $2,197,000 after buying an additional 687 shares in the last quarter. Prudential Financial Inc. grew its holdings in Chart Industries by 77.4% during the second quarter. Prudential Financial Inc. now owns 7,724 shares of the industrial products company’s stock worth $1,277,000 after acquiring an additional 3,370 shares during the period. Charles Schwab Investment Management Inc. raised its position in Chart Industries by 4.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company’s stock worth $92,036,000 after acquiring an additional 22,556 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Chart Industries by 8.9% in the second quarter. Rhumbline Advisers now owns 147,689 shares of the industrial products company’s stock valued at $24,317,000 after acquiring an additional 12,118 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Three 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, the stock currently has a consensus rating of “Hold” and an average price target of $206.33.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $204.07 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.27 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average price is $201.10 and its 200 day moving average price is $185.38. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 248.87, a PEG ratio of 1.15 and a beta of 1.78.

Chart Industries (NYSE:GTLS) last announced 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 analyst estimates of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 EPS. As a group, research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

About Chart Industries

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.