7,591 Shares in Chart Industries, Inc. $GTLS Bought by Olympiad Research LP

Olympiad Research LP acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,591 shares of the industrial products company’s stock, valued at approximately $1,519,000. Chart Industries accounts for about 2.1% of Olympiad Research LP’s portfolio, making the stock its 6th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Bailard Inc. purchased a new stake in Chart Industries during the third quarter valued at about $240,000. Joel Isaacson & Co. LLC purchased a new stake in Chart Industries during the third quarter valued at about $266,000. Americana Partners LLC bought a new stake in Chart Industries during the third quarter worth about $269,000. Yorktown Management & Research Co Inc purchased a new position in shares of Chart Industries during the 3rd quarter valued at about $310,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Chart Industries in the 3rd quarter worth approximately $223,000.

Chart Industries Trading Up 0.1%

Chart Industries stock opened at $207.48 on Thursday. The stock has a market cap of $9.33 billion, a PE ratio of 253.03, a price-to-earnings-growth ratio of 0.79 and a beta of 1.74. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $219.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. The stock has a 50-day moving average of $205.51 and a two-hundred day moving average of $198.20.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business posted $2.18 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries has an average rating of “Hold” and a consensus price target of $206.00.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.