Loomis Sayles & Co. L P Increases Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Loomis Sayles & Co. L P boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 6.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 80,127 shares of the industrial products company’s stock after acquiring an additional 5,026 shares during the period. Loomis Sayles & Co. L P’s holdings in Chart Industries were worth $15,292,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Chart Industries in the fourth quarter worth about $316,000. Pier Capital LLC lifted its holdings in Chart Industries by 3.1% in the 4th quarter. Pier Capital LLC now owns 61,382 shares of the industrial products company’s stock worth $11,714,000 after buying an additional 1,865 shares during the period. First American Trust FSB lifted its holdings in Chart Industries by 1.9% in the 4th quarter. First American Trust FSB now owns 38,024 shares of the industrial products company’s stock worth $7,256,000 after buying an additional 718 shares during the period. FineMark National Bank & Trust grew its position in shares of Chart Industries by 3.4% in the 4th quarter. FineMark National Bank & Trust now owns 50,764 shares of the industrial products company’s stock worth $9,688,000 after buying an additional 1,687 shares during the last quarter. Finally, EFG Asset Management North America Corp. increased its stake in shares of Chart Industries by 19.8% during the fourth quarter. EFG Asset Management North America Corp. now owns 20,632 shares of the industrial products company’s stock valued at $3,944,000 after buying an additional 3,403 shares during the period.

Chart Industries Trading Down 4.0 %

Chart Industries stock opened at $147.48 on Friday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The business’s fifty day simple moving average is $181.51 and its two-hundred day simple moving average is $167.91. 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 announced 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). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 EPS. As a group, equities analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Activity

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Linda S. Harty purchased 500 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock worth $160,845 over the last 90 days. 0.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GTLS has been the topic of several recent analyst reports. BTIG Research lifted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company cut their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Barclays increased their price target on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Citigroup lifted their price objective on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Three equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.33.

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.