Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,476 shares of the industrial products company’s stock after purchasing an additional 1,133 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.13% of Chart Industries worth $10,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. Cetera Trust Company N.A increased its holdings in shares of Chart Industries by 22.4% in the 4th quarter. Cetera Trust Company N.A now owns 1,450 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 265 shares during the period. Simon Quick Advisors LLC acquired a new position in shares of Chart Industries in the 4th quarter valued at $256,000. Sheets Smith Wealth Management increased its holdings in shares of Chart Industries by 38.4% in the 4th quarter. Sheets Smith Wealth Management now owns 11,612 shares of the industrial products company’s stock valued at $2,216,000 after acquiring an additional 3,223 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in shares of Chart Industries by 26.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after acquiring an additional 2,000 shares during the period. Finally, Enclave Advisors LLC acquired a new position in shares of Chart Industries in the 4th quarter valued at $229,000.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $218.41 on Monday. The firm has a market capitalization of $9.35 billion, a P/E ratio of 63.31, a PEG ratio of 0.64 and a beta of 1.84. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company’s fifty day moving average is $195.45 and its two-hundred day moving average is $154.45. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GTLS shares. Barclays cut their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Bank of America cut their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Wells Fargo & Company lowered their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.75.

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.