Federated Hermes Inc. Increases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Federated Hermes Inc. lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 594,389 shares of the industrial products company’s stock after purchasing an additional 2,151 shares during the quarter. Federated Hermes Inc.’s holdings in Chart Industries were worth $81,033,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GTLS. Eagle Asset Management Inc. raised its holdings in shares of Chart Industries by 238.2% during the 4th quarter. Eagle Asset Management Inc. now owns 952,804 shares of the industrial products company’s stock valued at $109,505,000 after buying an additional 671,103 shares in the last quarter. Capital World Investors raised its holdings in shares of Chart Industries by 16.1% during the 1st quarter. Capital World Investors now owns 4,402,819 shares of the industrial products company’s stock valued at $756,272,000 after buying an additional 609,148 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Chart Industries by 63.1% during the 1st quarter. Wellington Management Group LLP now owns 1,339,412 shares of the industrial products company’s stock valued at $230,071,000 after buying an additional 517,951 shares in the last quarter. Norges Bank purchased a new position in shares of Chart Industries during the 4th quarter valued at about $48,444,000. Finally, Millennium Management LLC grew its position in Chart Industries by 576.4% during the 4th quarter. Millennium Management LLC now owns 404,454 shares of the industrial products company’s stock worth $46,605,000 after acquiring an additional 344,662 shares during the last quarter.

Chart Industries Price Performance

Shares of GTLS stock opened at $148.57 on Friday. The firm has a market cap of $6.25 billion, a P/E ratio of 390.97, a P/E/G ratio of 0.41 and a beta of 1.70. Chart Industries, Inc. has a fifty-two week low of $106.66 and a fifty-two week high of $184.65. The business’s 50 day moving average price is $145.55 and its 200-day moving average price is $136.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.88 and a current ratio of 1.19.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.12. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The firm’s revenue was up 130.0% on a year-over-year basis. On average, equities research analysts anticipate that Chart Industries, Inc. will post 11.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.