Cwm LLC Cuts Stake in Chart Industries, Inc. (NYSE:GTLS)

Cwm LLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,830 shares of the industrial products company’s stock after selling 1,579 shares during the period. Cwm LLC’s holdings in Chart Industries were worth $3,385,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GTLS. Nordea Investment Management AB raised its holdings in Chart Industries by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock valued at $268,088,000 after buying an additional 101,404 shares during the period. Vontobel Holding Ltd. raised its holdings in Chart Industries by 10.4% in the fourth quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock valued at $19,055,000 after buying an additional 13,155 shares during the period. Asset Management One Co. Ltd. purchased a new position in Chart Industries in the fourth quarter valued at approximately $1,366,000. Peregrine Capital Management LLC raised its holdings in Chart Industries by 13.0% in the fourth quarter. Peregrine Capital Management LLC now owns 77,666 shares of the industrial products company’s stock valued at $10,588,000 after buying an additional 8,938 shares during the period. Finally, Archford Capital Strategies LLC raised its holdings in Chart Industries by 50.7% in the fourth quarter. Archford Capital Strategies LLC now owns 2,223 shares of the industrial products company’s stock valued at $303,000 after buying an additional 748 shares during the period.

Chart Industries Stock Performance

Shares of GTLS opened at $152.67 on Thursday. Chart Industries, Inc. has a 1 year low of $106.66 and a 1 year high of $184.65. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 401.76, a price-to-earnings-growth ratio of 0.42 and a beta of 1.70. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19. The firm has a fifty day moving average of $147.69 and a 200-day moving average of $136.57.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was up 130.0% compared to the same quarter last year. As a group, equities analysts anticipate that Chart Industries, Inc. will post 11.98 earnings per share for the current year.

Analysts Set New Price Targets

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

Chart Industries Company 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.