Brevan Howard Capital Management LP Buys 2,814 Shares of Chart Industries, Inc. (NYSE:GTLS)

Brevan Howard Capital Management LP grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 17.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 19,393 shares of the industrial products company’s stock after acquiring an additional 2,814 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Chart Industries were worth $3,701,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GTLS. Mitsubishi UFJ Asset Management UK Ltd. grew its stake in Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after buying an additional 2,000 shares in the last quarter. Connective Portfolio Management LLC acquired a new stake in shares of Chart Industries during the 4th quarter worth approximately $725,000. Principal Financial Group Inc. increased its stake in Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after acquiring an additional 32,442 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Chart Industries during the fourth quarter worth $410,000. Finally, Sheets Smith Wealth Management boosted its holdings in shares of Chart Industries by 38.4% in the 4th quarter. Sheets Smith Wealth Management now owns 11,612 shares of the industrial products company’s stock valued at $2,216,000 after purchasing an additional 3,223 shares in the last quarter.

Chart Industries Trading Down 1.5 %

NYSE:GTLS opened at $154.35 on Tuesday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The firm’s fifty day moving average is $142.39 and its 200-day moving average is $170.05. The firm has a market cap of $6.94 billion, a P/E ratio of 44.74, a P/E/G ratio of 0.57 and a beta of 1.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s quarterly revenue was up 38.8% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS. Equities analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Buying and Selling at Chart Industries

In other news, Director Linda S. Harty purchased 500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jillian C. Evanko purchased 350 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the acquisition, the chief executive officer now owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,109 shares of company stock valued at $160,845. 0.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GTLS shares. The Goldman Sachs Group decreased their target price on Chart Industries from $197.00 to $173.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Morgan Stanley lowered their price target on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Wells Fargo & Company cut their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st. Citigroup upped their target price on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus cut their price target on Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.17.

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.