Versor Investments LP Purchases 1,134 Shares of Chart Industries, Inc. (NYSE:GTLS)

Versor Investments LP boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 68.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,798 shares of the industrial products company’s stock after acquiring an additional 1,134 shares during the period. Versor Investments LP’s holdings in Chart Industries were worth $534,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GTLS. Proficio Capital Partners LLC acquired a new position in shares of Chart Industries during the 4th quarter worth about $4,298,000. Oppenheimer Asset Management Inc. increased its position in Chart Industries by 2.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 6,683 shares of the industrial products company’s stock worth $1,275,000 after buying an additional 152 shares during the period. Simmons Bank acquired a new position in shares of Chart Industries during the fourth quarter worth approximately $221,000. Amalgamated Bank boosted its position in shares of Chart Industries by 1.3% in the fourth quarter. Amalgamated Bank now owns 19,268 shares of the industrial products company’s stock valued at $3,677,000 after acquiring an additional 251 shares during the period. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Chart Industries in the fourth quarter worth $273,000.

Chart Industries Stock Up 4.6 %

NYSE GTLS opened at $190.58 on Friday. The stock has a market capitalization of $8.16 billion, a P/E ratio of 55.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.84. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a fifty day moving average of $199.68 and a 200-day moving average of $163.29.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $2.25 EPS. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Craig Hallum increased their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Citigroup upped their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Raymond James reissued a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.54.

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.