Tokio Marine Asset Management Co. Ltd. Invests $8.01 Million in Chart Industries, Inc. $GTLS

Tokio Marine Asset Management Co. Ltd. acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 40,000 shares of the industrial products company’s stock, valued at approximately $8,006,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Three equities 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $206.00.

Chart Industries Price Performance

NYSE:GTLS opened at $206.74 on Monday. The stock has a 50 day moving average of $204.52 and a two-hundred day moving average of $196.13. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $220.03. The firm has a market cap of $9.29 billion, a P/E ratio of 252.13, a price-to-earnings-growth ratio of 1.08 and a beta of 1.74. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08.

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). 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 analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $2.18 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. On average, analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Chart Industries Company 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.