Sequoia Financial Advisors LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Sequoia Financial Advisors LLC purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,036 shares of the industrial products company’s stock, valued at approximately $1,914,000.

A number of other institutional investors have also recently bought and sold shares of GTLS. Nisa Investment Advisors LLC lifted its stake in shares of Chart Industries by 0.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 104 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Chart Industries during the fourth quarter worth approximately $2,726,000. Asset Management One Co. Ltd. acquired a new stake in Chart Industries during the fourth quarter worth approximately $1,366,000. State of Michigan Retirement System boosted its holdings in shares of Chart Industries by 1.0% during the fourth quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after acquiring an additional 100 shares during the period. Finally, Pallas Capital Advisors LLC grew its position in shares of Chart Industries by 11.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 9,406 shares of the industrial products company’s stock valued at $1,282,000 after purchasing an additional 952 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GTLS shares. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $170.00 in a report on Tuesday, March 19th. TD Cowen boosted their target price on shares of Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Wells Fargo & Company upped their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective for the company in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $194.42.

Chart Industries Stock Down 0.7 %

NYSE GTLS opened at $154.45 on Friday. The business has a fifty day moving average price of $143.07 and a two-hundred day moving average price of $137.36. The stock has a market capitalization of $6.49 billion, a PE ratio of 406.45, a PEG ratio of 0.44 and a beta of 1.70. Chart Industries, Inc. has a fifty-two week low of $106.66 and a fifty-two week high of $184.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.88.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.12. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company earned $1.67 EPS. Chart Industries’s revenue for the quarter was up 130.0% on a year-over-year basis. Equities analysts expect that Chart Industries, Inc. will post 11.64 earnings per share 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.