AGP Franklin LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

AGP Franklin LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,694 shares of the industrial products company’s stock, valued at approximately $1,659,000.

Other hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its position in shares of Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after acquiring an additional 15,862 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its position in Chart Industries by 26.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after purchasing an additional 2,000 shares in the last quarter. Connective Portfolio Management LLC purchased a new stake in shares of Chart Industries during the fourth quarter worth approximately $725,000. MML Investors Services LLC raised its holdings in Chart Industries by 3.3% in the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 63 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after acquiring an additional 32,442 shares in the last quarter.

Insider Activity at Chart Industries

In related news, VP Gerald F. Vinci purchased 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the transaction, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,109 shares of company stock worth $160,845. Company insiders own 0.95% of the company’s stock.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st. Barclays lowered their price objective on Chart Industries from $165.00 to $160.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Morgan Stanley cut their target price on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. TD Cowen upped their price target on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Citigroup raised their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.42.

Chart Industries Stock Up 1.1 %

Shares of NYSE:GTLS opened at $126.56 on Tuesday. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock’s 50-day moving average price is $159.79 and its two-hundred day moving average price is $169.04.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company earned $2.25 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Chart Industries Company 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.