Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 26.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,500 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Chart Industries were worth $1,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GTLS. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 504.7% in the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock valued at $66,896,000 after purchasing an additional 386,821 shares in the last quarter. Point72 Asset Management L.P. grew its position in Chart Industries by 323.0% during the second quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock worth $60,067,000 after buying an additional 317,775 shares in the last quarter. Wellington Management Group LLP grew its position in Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after buying an additional 262,592 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in Chart Industries by 385.3% during the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock worth $28,463,000 after purchasing an additional 156,562 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Chart Industries by 27.4% in the third quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock valued at $48,258,000 after acquiring an additional 83,685 shares during the last quarter.

Chart Industries Price Performance

GTLS stock opened at $218.60 on Wednesday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 63.36, a PEG ratio of 0.64 and a beta of 1.84. The company’s fifty day simple moving average is $192.63 and its 200 day simple moving average is $152.80.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. On average, analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on GTLS. Barclays dropped their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Bank of America decreased their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Wells Fargo & Company cut their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. BTIG Research upped their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group upped 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, December 20th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.75.

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.