abrdn plc Has $1.33 Million Position in Chart Industries, Inc. (NYSE:GTLS)

abrdn plc reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,756 shares of the industrial products company’s stock after selling 771 shares during the quarter. abrdn plc’s holdings in Chart Industries were worth $1,330,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its stake in Chart Industries by 16.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,234 shares of the industrial products company’s stock valued at $1,393,000 after acquiring an additional 1,190 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new position in shares of Chart Industries during the third quarter valued at about $581,000. SVB Wealth LLC boosted its holdings in Chart Industries by 9.7% during the third quarter. SVB Wealth LLC now owns 1,634 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 144 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Chart Industries by 18.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 32,195 shares of the industrial products company’s stock worth $5,445,000 after purchasing an additional 4,988 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Chart Industries by 35.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,002 shares of the industrial products company’s stock valued at $12,346,000 after buying an additional 18,947 shares during the last quarter.

Chart Industries Price Performance

Chart Industries stock opened at $148.50 on Tuesday. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 390.79, a PEG ratio of 0.41 and a beta of 1.70. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22. The business has a 50-day simple moving average of $148.76 and a 200 day simple moving average of $136.21. Chart Industries, Inc. has a 52 week low of $106.66 and a 52 week high of $184.65.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.13 by $0.12. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. Chart Industries’s revenue was up 130.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share. On average, research analysts forecast that Chart Industries, Inc. will post 11.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on GTLS. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. TD Cowen lifted their target price on Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price target for the company in a research report on Thursday, January 4th. Wells Fargo & Company lifted their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Morgan Stanley assumed coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.85.

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.