Oppenheimer Asset Management Inc. Purchases 152 Shares of Chart Industries, Inc. (NYSE:GTLS)

Oppenheimer Asset Management Inc. raised its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,683 shares of the industrial products company’s stock after purchasing an additional 152 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Chart Industries were worth $1,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after buying an additional 262,592 shares during the period. Van Berkom & Associates Inc. purchased a new position in Chart Industries during the 4th quarter valued at about $35,543,000. Braun Stacey Associates Inc. bought a new stake in shares of Chart Industries in the 4th quarter valued at about $16,631,000. WCM Investment Management LLC purchased a new stake in shares of Chart Industries in the 4th quarter worth approximately $16,239,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Chart Industries by 27.4% during the third quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock valued at $48,258,000 after purchasing an additional 83,685 shares in the last quarter.

Chart Industries Trading Down 13.9 %

Shares of Chart Industries stock opened at $163.97 on Tuesday. The firm’s 50 day simple moving average is $199.18 and its two-hundred day simple moving average is $164.01. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 47.53, a PEG ratio of 0.57 and a beta of 1.84. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last released 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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $2.25 earnings per share. Chart Industries’s revenue was up 9.0% on a year-over-year basis. Analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GTLS. TD Cowen lifted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Craig Hallum boosted their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company decreased their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday. Barclays cut their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, The Goldman Sachs Group increased their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating, nine have assigned 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 an average price target of $192.54.

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.