Schroder Investment Management Group Purchases 8,507 Shares of Chart Industries, Inc. (NYSE:GTLS)

Schroder Investment Management Group lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 59,215 shares of the industrial products company’s stock after buying an additional 8,507 shares during the quarter. Schroder Investment Management Group’s holdings in Chart Industries were worth $11,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GTLS. National Bank of Canada FI lifted its holdings in shares of Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after purchasing an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after buying an additional 15,862 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its position in shares of Chart Industries by 26.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after buying an additional 2,000 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Chart Industries by 16.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 95,943 shares of the industrial products company’s stock valued at $11,910,000 after buying an additional 13,289 shares during the period. Finally, Connective Portfolio Management LLC bought a new position in shares of Chart Industries during the fourth quarter worth about $725,000.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $124.69 on Friday. The company has a market cap of $5.70 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The business has a 50 day moving average price of $175.58 and a 200-day moving average price of $168.76.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $2.25 earnings per share. Chart Industries’s revenue was up 9.0% compared to the same quarter last year. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Linda S. Harty purchased 500 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now owns 11,684 shares of the company’s stock, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko acquired 350 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $150.35 per share, with a total value of $52,622.50. Following the acquisition, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock valued at $160,845 in the last 90 days. 0.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GTLS. Morgan Stanley reduced their price objective on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. The Goldman Sachs Group lifted their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. TD Cowen upped their target price on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Citigroup increased their price target on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Barclays lifted their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $201.83.

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.