Cim Investment Management Inc. Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

Cim Investment Management Inc. bought a new stake in Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,199 shares of the industrial products company’s stock, valued at approximately $229,000.

A number of other hedge funds have also modified their holdings of GTLS. Vanguard Group Inc. grew its stake in Chart Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company’s stock valued at $820,115,000 after acquiring an additional 59,889 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chart Industries by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after purchasing an additional 19,534 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of 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 purchasing an additional 32,442 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Chart Industries by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 518,085 shares of the industrial products company’s stock valued at $98,871,000 after purchasing an additional 16,197 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its position in Chart Industries by 1.5% during the fourth quarter. GW&K Investment Management LLC now owns 516,658 shares of the industrial products company’s stock worth $98,599,000 after buying an additional 7,669 shares in the last quarter.

Chart Industries Stock Performance

NYSE:GTLS opened at $124.96 on Friday. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The company has a 50 day moving average price of $161.53 and a 200 day moving average price of $168.72. The stock has a market capitalization of $5.71 billion, a P/E ratio of 36.22, a PEG ratio of 0.57 and a beta of 1.68.

Chart Industries (NYSE:GTLS) last released 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). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.25 earnings per share. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Buying and Selling at Chart Industries

In related news, Director Linda S. Harty acquired 500 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the transaction, the director now owns 11,684 shares of the company’s stock, valued at $1,645,691.40. The trade was 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 bought 350 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock valued at $160,845 in the last three months. 0.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Citigroup upped their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research report on Tuesday, April 1st. Morgan Stanley decreased their target price on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Barclays cut their price target on shares of Chart Industries from $165.00 to $160.00 and set an “equal weight” rating for the company in a report on Thursday. Three investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.42.

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.