Raiffeisen Bank International AG Purchases Shares of 14,500 Chart Industries, Inc. (NYSE:GTLS)

Raiffeisen Bank International AG purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,500 shares of the industrial products company’s stock, valued at approximately $2,764,000.

Several other large investors have also added to or reduced their stakes in GTLS. Wolf Hill Capital Management LP purchased a new position in Chart Industries during the fourth quarter valued at approximately $101,121,000. Norges Bank purchased a new position in Chart Industries during the fourth quarter valued at approximately $88,609,000. Dimensional Fund Advisors LP lifted its holdings in Chart Industries by 37.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock valued at $203,178,000 after purchasing an additional 291,520 shares in the last quarter. Keybank National Association OH lifted its holdings in Chart Industries by 10,372.6% during the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after purchasing an additional 244,378 shares in the last quarter. Finally, Engaged Capital LLC purchased a new position in Chart Industries during the fourth quarter valued at approximately $42,900,000.

Chart Industries Trading Down 3.1%

Shares of GTLS opened at $170.09 on Friday. The company’s fifty day moving average is $142.47 and its 200 day moving average is $171.63. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The stock has a market capitalization of $7.77 billion, a PE ratio of 49.30, a P/E/G ratio of 0.57 and a beta of 1.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted $1.49 earnings per share. Chart Industries’s quarterly revenue was up 38.8% on a year-over-year basis. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Gerald F. Vinci acquired 175 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, for a total transaction 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 approximately $70,247.75. The trade was a 58.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jillian C. Evanko acquired 350 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. The trade was a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,109 shares of company stock worth $160,845. Insiders own 0.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 1st. Barclays lifted their price objective on shares of Chart Industries from $160.00 to $171.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Citigroup lifted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, TD Cowen reduced their price objective on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Two 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $201.64.

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.