Chung Wu Investment Group LLC Takes $355,000 Position in Chart Industries, Inc. (NYSE:GTLS)

Chung Wu Investment Group LLC bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, HoldingsChannel reports. The fund bought 1,860 shares of the industrial products company’s stock, valued at approximately $355,000.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 92 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Chart Industries in the 3rd quarter worth about $34,000. Blue Trust Inc. increased its holdings in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the last quarter. Spire Wealth Management increased its holdings in Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares during the last quarter.

Chart Industries Price Performance

Shares of GTLS stock opened at $166.07 on Thursday. 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 business’s fifty day moving average is $198.68 and its 200 day moving average is $164.37. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 48.14, a PEG ratio of 0.57 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $2.25 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. Research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the subject of a number of recent analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group lifted their target price on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus lifted their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. TD Cowen lifted their price target on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday. Finally, BTIG Research boosted their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $194.08.

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.