Boston Partners Makes New $1.44 Million Investment in Chart Industries, Inc. $GTLS

Boston Partners purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,756 shares of the industrial products company’s stock, valued at approximately $1,442,000.

Several other hedge funds also recently modified their holdings of GTLS. Allworth Financial LP grew its stake in shares of Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Chart Industries by 19,900.0% in the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 199 shares during the period. SVB Wealth LLC acquired a new stake in Chart Industries in the 1st quarter worth $30,000. Bessemer Group Inc. increased its holdings in shares of Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in shares of Chart Industries during the second quarter valued at about $33,000.

Chart Industries Stock Up 0.0%

NYSE GTLS opened at $203.95 on Monday. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $220.03. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 248.72, a PEG ratio of 1.15 and a beta of 1.78. The stock’s 50 day moving average is $201.01 and its two-hundred day moving average is $185.14. 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 posted its earnings results 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 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.18 EPS. Equities analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GTLS shares. JPMorgan Chase & Co. lifted their target price on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Citigroup lowered Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $205.08.

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.