Chart Industries, Inc. (NYSE:GTLS) is Soviero Asset Management LP’s 9th Largest Position

Soviero Asset Management LP increased its stake in Chart Industries, Inc. (NYSE:GTLS) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,000 shares of the industrial products company’s stock after purchasing an additional 3,000 shares during the quarter. Chart Industries accounts for 3.1% of Soviero Asset Management LP’s investment portfolio, making the stock its 9th largest position. Soviero Asset Management LP’s holdings in Chart Industries were worth $4,962,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Analysts LLC purchased a new position in Chart Industries during the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC increased its holdings in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 92 shares in the last quarter. Fairway Wealth LLC purchased a new position in Chart Industries during the 4th quarter valued at about $34,000. Blue Trust Inc. increased its holdings in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter.

Chart Industries Price Performance

GTLS opened at $171.66 on Monday. The company’s 50 day simple moving average is $142.95 and its 200 day simple moving average is $172.67. 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 1 year low of $101.60 and a 1 year high of $220.03. The stock has a market capitalization of $7.84 billion, a PE ratio of 49.76, a P/E/G ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company earned $1.49 earnings per share. The company’s quarterly revenue was up 38.8% on a year-over-year basis. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko acquired 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Gerald F. Vinci acquired 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. This trade represents a 58.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,109 shares of company stock valued at $160,845. Insiders own 0.99% of the company’s stock.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several analyst reports. Citigroup raised their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 1st. TD Cowen decreased their price target on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their price target on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, Stifel Nicolaus decreased their price target on shares of Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $199.36.

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.