Lisanti Capital Growth LLC Lowers Position in Chart Industries, Inc. (NYSE:GTLS)

Lisanti Capital Growth LLC lowered its stake in Chart Industries, Inc. (NYSE:GTLS) by 82.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,190 shares of the industrial products company’s stock after selling 77,755 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Chart Industries were worth $2,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GTLS. Mendota Financial Group LLC purchased a new stake in Chart Industries in the 4th quarter worth $77,000. Sentry Investment Management LLC bought a new stake in Chart Industries during the 4th quarter valued at approximately $123,000. CIBC Asset Management Inc purchased a new position in Chart Industries in the 3rd quarter worth approximately $200,000. Horizon Family Wealth Inc. bought a new position in Chart Industries in the 3rd quarter worth approximately $200,000. Finally, Journey Strategic Wealth LLC purchased a new stake in Chart Industries during the 3rd quarter valued at approximately $203,000.

Chart Industries Trading Up 1.5 %

Shares of Chart Industries stock traded up $2.30 during trading on Tuesday, hitting $160.30. The stock had a trading volume of 794,360 shares, compared to its average volume of 617,965. 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 1.29, a current ratio of 1.25 and a quick ratio of 0.95. The firm’s fifty day simple moving average is $151.04 and its 200-day simple moving average is $135.85. The stock has a market cap of $6.74 billion, a PE ratio of 157.91, a PEG ratio of 0.43 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The firm had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. During the same period last year, the company earned $1.41 earnings per share. The business’s revenue for the quarter was up 76.7% compared to the same quarter last year. As a group, sell-side analysts expect that Chart Industries, Inc. will post 11.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several research analyst reports. Morgan Stanley began coverage on shares of Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 target price on the stock. Wells Fargo & Company raised their price target on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Stifel Nicolaus decreased their price objective on Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a report on Monday. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. Finally, Piper Sandler upped their price target on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.46.

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.