Braun Stacey Associates Inc. Increases Position in Chart Industries, Inc. $GTLS

Braun Stacey Associates Inc. raised its holdings in Chart Industries, Inc. (NYSE:GTLS) by 8.8% in the third quarter, Holdings Channel reports. The firm owned 73,688 shares of the industrial products company’s stock after purchasing an additional 5,988 shares during the period. Braun Stacey Associates Inc.’s holdings in Chart Industries were worth $14,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Chart Industries by 5.7% in the second quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after buying an additional 102,226 shares during the last quarter. Atlantic Investment Management Inc. boosted its stake in Chart Industries by 33.7% in the 2nd quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock worth $45,229,000 after purchasing an additional 69,300 shares during the period. D.A. Davidson & CO. purchased a new position in Chart Industries during the second quarter valued at approximately $294,000. Ethic Inc. lifted its stake in Chart Industries by 3.8% in the 2nd quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 103 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Chart Industries in the first quarter worth $304,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Monday. Finally, Citigroup lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Chart Industries has a consensus rating of “Hold” and an average price target of $206.00.

Chart Industries Stock Down 0.1%

Shares of NYSE:GTLS opened at $206.25 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 251.53, a PEG ratio of 1.30 and a beta of 1.74. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03. The stock has a fifty day simple moving average of $203.70 and a two-hundred day simple moving average of $192.89.

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

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.