Verus Capital Partners LLC Acquires Shares of 1,224 Chart Industries, Inc. (NYSE:GTLS)

Verus Capital Partners LLC acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,224 shares of the industrial products company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also modified their holdings of GTLS. Private Advisor Group LLC acquired a new position in shares of Chart Industries in the 3rd quarter worth approximately $205,000. State of Alaska Department of Revenue boosted its holdings in shares of Chart Industries by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,868 shares of the industrial products company’s stock worth $604,000 after acquiring an additional 330 shares in the last quarter. F M Investments LLC boosted its holdings in shares of Chart Industries by 31.6% in the 3rd quarter. F M Investments LLC now owns 91,238 shares of the industrial products company’s stock worth $11,327,000 after acquiring an additional 21,916 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Chart Industries by 67.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 54,343 shares of the industrial products company’s stock worth $6,746,000 after acquiring an additional 21,804 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Chart Industries by 92.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 80,665 shares of the industrial products company’s stock worth $10,014,000 after acquiring an additional 38,728 shares in the last quarter.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $190.58 on Friday. The firm has a fifty day moving average of $199.68 and a two-hundred day moving average of $163.29. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 55.24, a PEG 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.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). The business had revenue of $1.11 billion for 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 business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 EPS. As a group, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on GTLS. Craig Hallum boosted their target price on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Citigroup boosted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. The Goldman Sachs Group boosted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.54.

About Chart Industries

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.