Tandem Capital Management Corp ADV Has $444,000 Holdings in Chart Industries, Inc. (NYSE:GTLS)

Tandem Capital Management Corp ADV increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 76.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,255 shares of the industrial products company’s stock after acquiring an additional 1,415 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Chart Industries were worth $444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of GTLS. Federated Hermes Inc. increased its holdings in shares of Chart Industries by 83.9% during the third quarter. Federated Hermes Inc. now owns 592,238 shares of the industrial products company’s stock worth $100,159,000 after purchasing an additional 270,133 shares during the period. Gates Capital Management Inc. increased its stake in Chart Industries by 39.3% during the 3rd quarter. Gates Capital Management Inc. now owns 449,926 shares of the industrial products company’s stock worth $76,091,000 after acquiring an additional 127,000 shares during the period. Great Lakes Advisors LLC acquired a new position in Chart Industries in the 3rd quarter valued at $19,340,000. Nordea Investment Management AB lifted its position in shares of Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock valued at $268,088,000 after acquiring an additional 101,404 shares during the period. Finally, Scout Investments Inc. grew its holdings in shares of Chart Industries by 19.1% during the 3rd quarter. Scout Investments Inc. now owns 555,921 shares of the industrial products company’s stock worth $92,655,000 after purchasing an additional 89,141 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on GTLS. TD Cowen boosted their price target on Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Morgan Stanley began coverage on shares of Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price target on the stock. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective for the company in a research report on Thursday, January 4th. Finally, Wells Fargo & Company raised their target price on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and an average price target of $194.85.

Chart Industries Trading Down 0.6 %

Shares of NYSE:GTLS traded down $0.95 during midday trading on Thursday, hitting $152.00. 769,441 shares of the stock were exchanged, compared to its average volume of 602,376. The business’s 50-day moving average price is $148.07 and its 200 day moving average price is $136.67. Chart Industries, Inc. has a 12 month low of $106.66 and a 12 month high of $184.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 400.00, a P/E/G ratio of 0.42 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.12. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company’s revenue was up 130.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 EPS. Analysts predict that Chart Industries, Inc. will post 11.98 earnings per share for the current year.

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.