Bryn Mawr Capital Management LLC Buys New Position in Chart Industries, Inc. (NYSE:GTLS)

Bryn Mawr Capital Management LLC purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,750 shares of the industrial products company’s stock, valued at approximately $1,193,000.

Other large investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its holdings in shares of Chart Industries by 16.9% in the third quarter. Handelsbanken Fonder AB now owns 8,234 shares of the industrial products company’s stock worth $1,393,000 after buying an additional 1,190 shares in the last quarter. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Chart Industries by 645.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company’s stock worth $39,000 after buying an additional 200 shares in the last quarter. Linden Thomas Advisory Services LLC purchased a new position in shares of Chart Industries in the third quarter worth $581,000. Sheets Smith Wealth Management lifted its holdings in shares of Chart Industries by 1.5% in the third quarter. Sheets Smith Wealth Management now owns 7,824 shares of the industrial products company’s stock worth $1,323,000 after buying an additional 116 shares in the last quarter. Finally, SVB Wealth LLC lifted its holdings in shares of Chart Industries by 9.7% in the third quarter. SVB Wealth LLC now owns 1,634 shares of the industrial products company’s stock worth $276,000 after buying an additional 144 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GTLS. Wells Fargo & Company boosted their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price target on the stock in a research report on Thursday, January 4th. TD Cowen boosted their price target on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Finally, Morgan Stanley began coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.85.

Chart Industries Trading Down 1.4 %

NYSE GTLS opened at $149.90 on Friday. The company’s 50-day moving average price is $148.43 and its 200-day moving average price is $136.64. 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 stock has a market cap of $6.30 billion, a PE ratio of 394.47, a PEG ratio of 0.42 and a beta of 1.70. Chart Industries, Inc. has a 12 month low of $106.66 and a 12 month high of $184.65.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was up 130.0% on a year-over-year basis. Equities research analysts forecast that Chart Industries, Inc. will post 11.98 earnings per share for the current 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.