Private Advisor Group LLC Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

Private Advisor Group LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,649 shares of the industrial products company’s stock, valued at approximately $205,000.

A number of other hedge funds have also made changes to their positions in the company. Community Trust & Investment Co. increased its position in shares of Chart Industries by 35.4% in the third quarter. Community Trust & Investment Co. now owns 77,917 shares of the industrial products company’s stock valued at $9,673,000 after buying an additional 20,374 shares in the last quarter. Eastern Bank purchased a new position in shares of Chart Industries in the third quarter valued at $7,049,000. Cetera Trust Company N.A increased its position in shares of Chart Industries by 17.3% in the third quarter. Cetera Trust Company N.A now owns 1,185 shares of the industrial products company’s stock valued at $147,000 after buying an additional 175 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its position in shares of Chart Industries by 15.4% in the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,500 shares of the industrial products company’s stock valued at $931,000 after buying an additional 1,000 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of Chart Industries during the third quarter valued at $690,000.

Analyst Upgrades and Downgrades

GTLS has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Barclays decreased their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Craig Hallum increased their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company decreased their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.82.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, with a total value 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. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction that occurred on 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 acquisition, the director now owns 5,000 shares in the company, valued at approximately $240,250. The disclosure for this purchase can be found here. Insiders acquired 7,152 shares of company stock valued at $482,278 over the last 90 days. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Stock Performance

NYSE:GTLS opened at $166.57 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market cap of $7.13 billion, a P/E ratio of 48.28, a P/E/G ratio of 0.73 and a beta of 1.71. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $171.68. The firm’s 50 day moving average is $124.95 and its two-hundred day moving average is $137.36.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $1.28 EPS. Chart Industries’s revenue was up 18.3% on a year-over-year basis. Analysts expect that Chart Industries, Inc. will post 9 EPS for the current year.

Chart Industries 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.