Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Covestor Ltd

Covestor Ltd lifted its stake in Chart Industries, Inc. (NYSE:GTLS) by 228.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,916 shares of the industrial products company’s stock after purchasing an additional 1,332 shares during the quarter. Covestor Ltd’s holdings in Chart Industries were worth $366,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GTLS. National Bank of Canada FI increased its position in Chart Industries by 328.7% in the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after buying an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after purchasing an additional 15,862 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. boosted its position in Chart Industries by 26.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after acquiring an additional 2,000 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Chart Industries by 16.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 95,943 shares of the industrial products company’s stock worth $11,910,000 after acquiring an additional 13,289 shares during the period. Finally, Connective Portfolio Management LLC acquired a new stake in Chart Industries during the 4th quarter worth about $725,000.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. TD Cowen lifted their price objective on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Barclays boosted their price target on Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Morgan Stanley reduced their price objective on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.83.

Insider Buying and Selling

In related news, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now owns 475 shares of the company’s stock, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda S. Harty purchased 500 shares of the stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $140.85 per share, with a total value of $70,425.00. Following the transaction, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 1,109 shares of company stock valued at $160,845 over the last 90 days. Insiders own 0.95% of the company’s stock.

Chart Industries Trading Down 6.5 %

NYSE GTLS traded down $8.54 during trading on Thursday, hitting $123.01. 92,709 shares of the company’s stock traded hands, compared to its average volume of 696,954. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The firm has a market cap of $5.62 billion, a P/E ratio of 35.66, a PEG ratio of 0.57 and a beta of 1.68. The stock has a fifty day moving average of $164.98 and a two-hundred day moving average of $168.73. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $2.25 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.