Harbour Investments Inc. Purchases 1,100 Shares of Chart Industries, Inc. (NYSE:GTLS)

Harbour Investments Inc. lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 251.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,537 shares of the industrial products company’s stock after purchasing an additional 1,100 shares during the period. Harbour Investments Inc.’s holdings in Chart Industries were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Chart Industries by 504.7% in the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock valued at $66,896,000 after acquiring an additional 386,821 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Chart Industries by 323.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock valued at $60,067,000 after purchasing an additional 317,775 shares during the last quarter. Boston Partners acquired a new stake in shares of Chart Industries during the first quarter worth $30,755,000. Driehaus Capital Management LLC raised its stake in Chart Industries by 385.3% during the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock worth $28,463,000 after buying an additional 156,562 shares during the last quarter. Finally, Primecap Management Co. CA acquired a new position in Chart Industries in the second quarter valued at $14,333,000.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares of the company’s stock, valued at $224,500.85. This represents a 31.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by corporate insiders.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $166.42 on Tuesday. The business’s fifty day simple moving average is $131.58 and its 200 day simple moving average is $138.06. The firm has a market capitalization of $7.12 billion, a P/E ratio of 48.24, a price-to-earnings-growth ratio of 0.85 and a beta of 1.71. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $176.16. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. As a group, analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current year.

Analysts Set New Price Targets

GTLS has been the topic of a number of recent analyst reports. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. Barclays cut their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Bank of America reduced their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Wells Fargo & Company cut their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

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.