Tandem Capital Management Corp ADV Sells 160 Shares of Chart Industries, Inc. (NYSE:GTLS)

Tandem Capital Management Corp ADV trimmed its holdings in Chart Industries, Inc. (NYSE:GTLS) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,125 shares of the industrial products company’s stock after selling 160 shares during the period. Tandem Capital Management Corp ADV’s holdings in Chart Industries were worth $787,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares in the last quarter. Spire Wealth Management grew its position in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Chart Industries in the third quarter worth approximately $34,000. UMB Bank n.a. grew its position in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Chart Industries by 74.0% in the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 247 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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 note on Friday, December 20th. Barclays reduced their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. 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 note on Monday, December 16th. 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 note on Tuesday, December 31st. Finally, Raymond James restated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Stock Down 1.3 %

GTLS opened at $208.88 on Tuesday. The firm’s 50-day simple moving average is $199.30 and its 200-day simple moving average is $156.43. 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, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 60.54, a PEG ratio of 0.63 and a beta of 1.84.

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

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.