Marshall Wace LLP Raises Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Marshall Wace LLP boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 30.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,721 shares of the industrial products company’s stock after acquiring an additional 28,072 shares during the period. Marshall Wace LLP owned 0.28% of Chart Industries worth $17,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Beck Capital Management LLC lifted its holdings in shares of Chart Industries by 0.8% during the 2nd quarter. Beck Capital Management LLC now owns 28,187 shares of the industrial products company’s stock valued at $4,068,000 after purchasing an additional 211 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Chart Industries in the second quarter valued at about $91,000. Sei Investments Co. boosted its holdings in Chart Industries by 96.3% in the second quarter. Sei Investments Co. now owns 63,840 shares of the industrial products company’s stock worth $9,215,000 after acquiring an additional 31,313 shares in the last quarter. King Luther Capital Management Corp grew its stake in shares of Chart Industries by 6.3% during the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after acquiring an additional 59,322 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Chart Industries during the second quarter valued at about $861,000.

Insiders Place Their Bets

In other news, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Paul E. Mahoney bought 500 shares of the business’s 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 purchase, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Linda S. Harty acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The disclosure for this purchase can be found here. In the last three months, insiders bought 7,152 shares of company stock worth $482,278. Corporate insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on GTLS shares. The Goldman Sachs Group lowered their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Craig Hallum dropped their price objective 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. Wells Fargo & Company reduced their target price on Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Barclays cut their price objective on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and a consensus price target of $180.45.

Chart Industries Stock Up 1.2 %

Shares of GTLS stock opened at $125.68 on Friday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $173.65. The stock has a market cap of $5.38 billion, a P/E ratio of 125.68, a P/E/G ratio of 0.39 and a beta of 1.70. The stock has a 50 day moving average of $125.80 and a 200 day moving average of $142.42. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $1.19 earnings per share. Chart Industries’s revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts expect that Chart Industries, Inc. will post 10.72 EPS for the current year.

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.