Pier 88 Investment Partners LLC Acquires 2,120 Shares of Chart Industries, Inc. (NYSE:GTLS)

Pier 88 Investment Partners LLC raised its holdings in Chart Industries, Inc. (NYSE:GTLS) by 57.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,790 shares of the industrial products company’s stock after acquiring an additional 2,120 shares during the period. Pier 88 Investment Partners LLC’s holdings in Chart Industries were worth $1,105,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GTLS. Archford Capital Strategies LLC increased its holdings in Chart Industries by 2.2% in the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 48 shares during the period. MML Investors Services LLC increased its stake in shares of Chart Industries by 3.3% in the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after buying an additional 63 shares during the period. Assetmark Inc. raised its position in shares of Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. boosted its holdings in Chart Industries by 56.0% in the fourth 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 last quarter. Finally, Lindbrook Capital LLC increased its position in Chart Industries by 43.4% during 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.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GTLS shares. TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Stifel Nicolaus increased their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Wells Fargo & Company decreased their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Finally, Barclays boosted their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $202.33.

Insider Buying and Selling at Chart Industries

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

Chart Industries Stock Performance

Shares of GTLS opened at $147.48 on Monday. The stock has a 50 day moving average of $181.51 and a 200 day moving average of $168.74. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. 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 released its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion for 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 company’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 earnings per share. As a group, sell-side analysts forecast 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.