Chart Industries, Inc. (NYSE:GTLS) Shares Bought by KBC Group NV

KBC Group NV grew its position in Chart Industries, Inc. (NYSE:GTLS) by 54.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,769 shares of the industrial products company’s stock after acquiring an additional 620 shares during the quarter. KBC Group NV’s holdings in Chart Industries were worth $338,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Chart Industries in the 3rd quarter valued at $34,000. Blue Trust Inc. increased its stake in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the period. UMB Bank n.a. raised its holdings in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares in the last quarter. Mendota Financial Group LLC lifted its position in Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 203 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Chart Industries in the 3rd quarter valued at approximately $87,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Raymond James reissued a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. BTIG Research boosted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group increased their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus boosted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, Bank of America dropped their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Trading Down 1.3 %

Shares of Chart Industries stock opened at $208.88 on Tuesday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The business has a 50 day moving average price of $199.30 and a 200 day moving average price of $156.43. The company has a market capitalization of $8.94 billion, a P/E ratio of 60.54, a P/E/G ratio of 0.63 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.