Landscape Capital Management L.L.C. Takes $335,000 Position in Chart Industries, Inc. (NYSE:GTLS)

Landscape Capital Management L.L.C. bought a new position in Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, Holdings Channel reports. The fund bought 2,697 shares of the industrial products company’s stock, valued at approximately $335,000.

A number of other hedge funds also recently bought and sold shares of GTLS. King Luther Capital Management Corp lifted its position in shares of Chart Industries by 2.9% in the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after purchasing an additional 29,139 shares during the period. Principal Financial Group Inc. lifted its holdings 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 worth $99,673,000 after buying an additional 32,442 shares during the period. Perpetual Ltd boosted its position in Chart Industries by 7.3% during the 3rd quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock valued at $62,102,000 after acquiring an additional 34,153 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Chart Industries by 504.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after acquiring an additional 386,821 shares during the period. Finally, Point72 Asset Management L.P. raised its position 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 worth $60,067,000 after acquiring an additional 317,775 shares in the last quarter.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $183.80 on Monday. The business has a 50-day simple moving average of $136.66 and a two-hundred day simple moving average of $138.54. 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 firm has a market cap of $7.87 billion, a price-to-earnings ratio of 53.28, a price-to-earnings-growth ratio of 0.90 and a beta of 1.71. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $186.18.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. On average, analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were 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 owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The trade was a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda S. Harty acquired 1,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $113.50 per share, with a total value of $113,500.00. Following the transaction, the director now owns 10,640 shares in the company, valued at approximately $1,207,640. This trade represents a 10.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GTLS has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus lifted their price target on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Craig Hallum boosted their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.