Principal Financial Group Inc. Has $99.67 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

Principal Financial Group Inc. boosted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 802,907 shares of the industrial products company’s stock after buying an additional 32,442 shares during the quarter. Principal Financial Group Inc. owned approximately 1.88% of Chart Industries worth $99,673,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries during the third quarter worth $34,000. UMB Bank n.a. grew its holdings in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares during the period. Ecofi Investissements SA bought a new position in shares of Chart Industries in the 2nd quarter worth about $50,000. Mendota Financial Group LLC lifted its stake in shares of Chart Industries by 46.2% in the 3rd 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 bought a new stake in shares of Chart Industries during the 3rd quarter valued at about $87,000.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $184.83 on Friday. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 53.57, a PEG ratio of 1.01 and a beta of 1.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $204.23. The firm’s 50-day simple moving average is $163.23 and its 200 day simple moving average is $143.80.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business earned $1.28 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on GTLS. Bank of America lowered their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research note on Monday, September 16th. The Goldman Sachs Group lifted their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Craig Hallum increased their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.17.

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.