Register Financial Advisors LLC Grows Stake in Chart Industries, Inc. (NYSE:GTLS)

Register Financial Advisors LLC boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,261 shares of the industrial products company’s stock after acquiring an additional 105 shares during the quarter. Register Financial Advisors LLC’s holdings in Chart Industries were worth $1,031,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GTLS. Banque Cantonale Vaudoise grew its position in shares of Chart Industries by 5.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock valued at $290,000 after acquiring an additional 85 shares during the period. Johnson Investment Counsel Inc. grew its holdings in Chart Industries by 4.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 99 shares during the period. State of Michigan Retirement System increased its position in Chart Industries by 1.0% in 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 buying an additional 100 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Chart Industries by 0.9% in the fourth 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 period. Finally, First Trust Direct Indexing L.P. lifted its position in shares of Chart Industries by 6.0% during the 4th quarter. First Trust Direct Indexing L.P. now owns 1,946 shares of the industrial products company’s stock valued at $265,000 after buying an additional 111 shares in the last quarter.

Chart Industries Price Performance

GTLS stock traded up $0.82 during trading on Friday, hitting $144.28. 1,473,540 shares of the company’s stock traded hands, compared to its average volume of 568,584. Chart Industries, Inc. has a 52 week low of $109.48 and a 52 week high of $184.65. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 144.19, a P/E/G ratio of 0.39 and a beta of 1.72. The business has a fifty day simple moving average of $149.87 and a 200 day simple moving average of $141.69. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business had revenue of $950.70 million during the quarter, compared to the consensus estimate of $970.91 million. During the same period in the previous year, the business posted $1.41 EPS. The firm’s revenue was up 76.7% on a year-over-year basis. As a group, research analysts expect that Chart Industries, Inc. will post 11.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on GTLS shares. Wells Fargo & Company lifted their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. TD Cowen increased their price target on Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. The Goldman Sachs Group boosted their price objective on Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Finally, Piper Sandler increased their target price on Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.57.

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.