Malaga Cove Capital LLC Acquires 964 Shares of Chart Industries, Inc. (NYSE:GTLS)

Malaga Cove Capital LLC grew its stake in Chart Industries, Inc. (NYSE:GTLS) by 20.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,758 shares of the industrial products company’s stock after buying an additional 964 shares during the period. Malaga Cove Capital LLC’s holdings in Chart Industries were worth $785,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First Trust Direct Indexing L.P. boosted its holdings in Chart Industries by 6.0% during the fourth quarter. First Trust Direct Indexing L.P. now owns 1,946 shares of the industrial products company’s stock worth $265,000 after buying an additional 111 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Chart Industries by 7.2% during the 4th quarter. Victory Capital Management Inc. now owns 276,010 shares of the industrial products company’s stock worth $37,628,000 after acquiring an additional 18,568 shares during the last quarter. Hollow Brook Wealth Management LLC increased its stake in Chart Industries by 30.1% in the fourth quarter. Hollow Brook Wealth Management LLC now owns 30,303 shares of the industrial products company’s stock valued at $4,131,000 after purchasing an additional 7,002 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in Chart Industries by 53.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 9,104 shares of the industrial products company’s stock worth $1,241,000 after purchasing an additional 3,185 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of Chart Industries by 6.0% during the fourth quarter. Retirement Systems of Alabama now owns 109,144 shares of the industrial products company’s stock worth $14,880,000 after purchasing an additional 6,165 shares in the last quarter.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of recent analyst reports. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. Wells Fargo & Company lifted their price objective on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Morgan Stanley initiated coverage on shares of Chart Industries in a report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price on the stock. Finally, TD Cowen upped their price target on shares of Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and an average target price of $194.85.

Chart Industries Stock Up 6.9 %

Shares of NYSE GTLS traded up $10.00 during mid-day trading on Friday, hitting $155.00. The company had a trading volume of 1,112,498 shares, compared to its average volume of 520,929. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22. The firm has a 50-day simple moving average of $150.44 and a two-hundred day simple moving average of $136.00. The company has a market capitalization of $6.52 billion, a PE ratio of 155.00, a price-to-earnings-growth ratio of 0.43 and a beta of 1.73. Chart Industries, Inc. has a one year low of $106.66 and a one year high of $184.65.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company had revenue of $950.70 million during the quarter, compared to the consensus estimate of $970.91 million. During the same quarter in the prior year, the business earned $1.41 earnings per share. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. On average, equities analysts expect that Chart Industries, Inc. will post 11.98 EPS for the current year.

About Chart Industries

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.