SG Americas Securities LLC Buys 5,114 Shares of Chart Industries, Inc. $GTLS

SG Americas Securities LLC increased its stake in Chart Industries, Inc. (NYSE:GTLS) by 25.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,295 shares of the industrial products company’s stock after acquiring an additional 5,114 shares during the quarter. SG Americas Securities LLC’s holdings in Chart Industries were worth $5,063,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Bessemer Group Inc. increased its holdings in Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares during the period. Toth Financial Advisory Corp bought a new stake in Chart Industries during the 2nd quarter valued at $33,000. Atticus Wealth Management LLC bought a new stake in Chart Industries during the 2nd quarter valued at $34,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Chart Industries by 44.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after buying an additional 100 shares during the period.

Chart Industries Price Performance

GTLS opened at $206.74 on Friday. The firm has a market capitalization of $9.29 billion, a PE ratio of 252.13, a price-to-earnings-growth ratio of 1.08 and a beta of 1.74. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The business’s 50-day moving average is $204.52 and its two-hundred day moving average is $195.81. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03.

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

Analyst Ratings Changes

Several equities analysts have recently commented on GTLS shares. JPMorgan Chase & Co. raised their price target on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.00.

Chart Industries Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.