Farringdon Capital Ltd. Purchases New Holdings in Chart Industries, Inc. (NYSE:GTLS)

Farringdon Capital Ltd. purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,127 shares of the industrial products company’s stock, valued at approximately $406,000.

Several other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after buying an additional 92 shares in the last quarter. Fairway Wealth LLC acquired a new stake in Chart Industries in the fourth quarter valued at $34,000. Blue Trust Inc. grew its position in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the period. Spire Wealth Management increased its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 69 shares during the period.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Stifel Nicolaus boosted their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Barclays cut their price target on Chart Industries from $165.00 to $160.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company decreased 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. Finally, The Goldman Sachs Group lifted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.42.

Insider Transactions at Chart Industries

In other news, VP Gerald F. Vinci acquired 175 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. This trade represents a 58.33 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jillian C. Evanko bought 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by corporate insiders.

Chart Industries Stock Performance

NYSE GTLS opened at $128.61 on Friday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The firm has a 50-day moving average price of $155.38 and a two-hundred day moving average price of $168.47. The company has a market capitalization of $5.78 billion, a P/E ratio of 37.28, a P/E/G ratio of 0.57 and a beta of 1.68. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company earned $2.25 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share 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.