SG Americas Securities LLC Purchases 5,114 Shares of Chart Industries, Inc. $GTLS

SG Americas Securities LLC increased its position in Chart Industries, Inc. (NYSE:GTLS) by 25.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,295 shares of the industrial products company’s stock after buying an additional 5,114 shares during the period. SG Americas Securities LLC owned 0.06% of Chart Industries worth $5,063,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Chart Industries by 39.0% during the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after acquiring an additional 7,314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Chart Industries by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,703 shares of the industrial products company’s stock valued at $28,540,000 after purchasing an additional 2,249 shares in the last quarter. Intech Investment Management LLC raised its stake in Chart Industries by 52.4% during the first quarter. Intech Investment Management LLC now owns 31,167 shares of the industrial products company’s stock valued at $4,499,000 after purchasing an additional 10,714 shares in the last quarter. Strs Ohio bought a new position in Chart Industries during the first quarter valued at $707,000. Finally, Inspire Investing LLC grew its stake in shares of Chart Industries by 14.4% in the 1st quarter. Inspire Investing LLC now owns 2,381 shares of the industrial products company’s stock worth $344,000 after buying an additional 300 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GTLS. JPMorgan Chase & Co. upped their target price on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Chart Industries presently has a consensus rating of “Hold” and a consensus target price of $206.00.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $206.74 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. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $220.03. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 252.13, a PEG ratio of 1.08 and a beta of 1.74. The firm’s 50-day moving average is $204.52 and its 200 day moving average is $195.81.

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 the consensus estimate of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm earned $2.18 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current 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.