Mint Tower Capital Management B.V. Acquires New Holdings in Chart Industries, Inc. $GTLS

Mint Tower Capital Management B.V. bought a new position in Chart Industries, Inc. (NYSE:GTLS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,792 shares of the industrial products company’s stock, valued at approximately $3,423,000. Chart Industries comprises about 0.5% of Mint Tower Capital Management B.V.’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB boosted its position in shares of Chart Industries by 5.7% during the second quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after buying an additional 102,226 shares during the period. Dimensional Fund Advisors LP raised its stake in Chart Industries by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company’s stock valued at $168,853,000 after acquiring an additional 105,027 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Chart Industries by 6.4% in the second quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company’s stock worth $178,804,000 after purchasing an additional 65,078 shares in the last quarter. King Luther Capital Management Corp grew its position in Chart Industries by 1.4% in the 1st quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company’s stock valued at $141,427,000 after buying an additional 13,484 shares in the last quarter. Finally, Gates Capital Management Inc. raised its position in shares of Chart Industries by 61.5% during the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company’s stock worth $112,115,000 after buying an additional 295,738 shares in the last quarter.

Chart Industries Price Performance

NYSE GTLS opened at $203.51 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.27 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03. The company has a market cap of $9.15 billion, a PE ratio of 248.18, a PEG ratio of 1.15 and a beta of 1.78. The stock’s 50-day moving average price is $200.18 and its two-hundred day moving average price is $181.75.

Chart Industries (NYSE:GTLS) last released its earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.24). The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $2.18 earnings per share. On average, analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analysts Set New Price Targets

GTLS has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. UBS Group reaffirmed a “neutral” rating and set a $210.00 price target (down from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. Hsbc Global Res raised Chart Industries to a “hold” rating in a research note on Wednesday, July 30th. Cowen lowered Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, Seaport Res Ptn cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Hold” and an average price target of $205.08.

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.