Kornitzer Capital Management Inc. KS Purchases 5,145 Shares of Chart Industries, Inc. (NYSE:GTLS)

Kornitzer Capital Management Inc. KS lifted its position in Chart Industries, Inc. (NYSE:GTLS) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,420 shares of the industrial products company’s stock after purchasing an additional 5,145 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.20% of Chart Industries worth $11,645,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Cambridge Trust Co. increased its stake in Chart Industries by 74.1% in the fourth quarter. Cambridge Trust Co. now owns 55,462 shares of the industrial products company’s stock valued at $7,561,000 after acquiring an additional 23,600 shares during the last quarter. Federated Hermes Inc. increased its stake in Chart Industries by 0.4% in the fourth quarter. Federated Hermes Inc. now owns 594,389 shares of the industrial products company’s stock valued at $81,033,000 after acquiring an additional 2,151 shares during the last quarter. Tranquility Partners LLC increased its stake in Chart Industries by 14.1% in the fourth quarter. Tranquility Partners LLC now owns 3,788 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 469 shares during the last quarter. Flputnam Investment Management Co. increased its stake in Chart Industries by 1.8% in the fourth quarter. Flputnam Investment Management Co. now owns 16,797 shares of the industrial products company’s stock valued at $2,290,000 after acquiring an additional 302 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new position in Chart Industries in the fourth quarter valued at $123,000.

Wall Street Analysts Forecast Growth

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

Chart Industries Trading Down 0.4 %

Shares of Chart Industries stock traded down $0.53 during trading on Friday, reaching $148.04. 404,451 shares of the stock were exchanged, compared to its average volume of 472,593. Chart Industries, Inc. has a 1 year low of $106.66 and a 1 year high of $184.65. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 389.47, a price-to-earnings-growth ratio of 0.41 and a beta of 1.70. The stock’s fifty day moving average is $146.06 and its 200 day moving average is $136.72. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22.

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