King Luther Capital Management Corp Acquires 59,322 Shares of Chart Industries, Inc. (NYSE:GTLS)

King Luther Capital Management Corp increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,002,758 shares of the industrial products company’s stock after acquiring an additional 59,322 shares during the quarter. King Luther Capital Management Corp owned approximately 2.34% of Chart Industries worth $144,738,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GTLS. Intech Investment Management LLC purchased a new stake in Chart Industries during the second quarter valued at about $861,000. Inspire Investing LLC raised its position in shares of Chart Industries by 14.1% in the second quarter. Inspire Investing LLC now owns 2,455 shares of the industrial products company’s stock valued at $354,000 after purchasing an additional 303 shares during the period. Aristotle Pacific Capital LLC lifted its stake in shares of Chart Industries by 195.8% during the 2nd quarter. Aristotle Pacific Capital LLC now owns 14,654 shares of the industrial products company’s stock valued at $2,115,000 after buying an additional 9,700 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Chart Industries by 4.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,103 shares of the industrial products company’s stock worth $448,000 after buying an additional 140 shares during the period. Finally, L & S Advisors Inc purchased a new position in Chart Industries in the 2nd quarter valued at approximately $1,657,000.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul E. Mahoney purchased 500 shares of the stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The disclosure for this purchase can be found here. Insiders have bought a total of 7,152 shares of company stock valued at $482,278 over the last quarter. 0.95% of the stock is owned by corporate insiders.

Chart Industries Stock Up 2.4 %

Shares of GTLS opened at $124.52 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 124.52, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $176.85. The business’s 50 day simple moving average is $130.99 and its 200-day simple moving average is $143.35.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business posted $1.19 EPS. The company’s revenue was up 14.5% on a year-over-year basis. As a group, equities analysts expect that Chart Industries, Inc. will post 10.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GTLS. Bank of America increased their price objective on Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Craig Hallum lowered their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Barclays reduced their price objective on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $199.00 target price on shares of Chart Industries in a research note on Monday, August 26th. Finally, Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $183.08.

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.