Commonwealth Equity Services LLC Acquires 326 Shares of Chart Industries, Inc. (NYSE:GTLS)

Commonwealth Equity Services LLC boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,569 shares of the industrial products company’s stock after buying an additional 326 shares during the period. Commonwealth Equity Services LLC’s holdings in Chart Industries were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its stake in Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares during the period. Keybank National Association OH lifted its position in shares of Chart Industries by 10,372.6% during the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock worth $47,087,000 after buying an additional 244,378 shares during the last quarter. Van Berkom & Associates Inc. acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $35,543,000. Braun Stacey Associates Inc. purchased a new stake in Chart Industries during the 4th quarter valued at approximately $16,631,000. Finally, WCM Investment Management LLC acquired a new position in Chart Industries during the 4th quarter worth approximately $16,239,000.

Insider Activity

In related news, Director Linda S. Harty acquired 500 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, VP Gerald F. Vinci acquired 175 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,109 shares of company stock valued at $160,845 over the last quarter. Company insiders own 0.95% of the company’s stock.

Chart Industries Stock Performance

Chart Industries stock opened at $147.48 on Friday. The business’s 50-day moving average price is $181.51 and its two-hundred day moving average price is $168.33. The stock has a market cap of $6.74 billion, a PE ratio of 42.75, a P/E/G ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. 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 (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 EPS. As a group, analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Wells Fargo & Company cut their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Morgan Stanley decreased their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Raymond James restated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Three investment 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $202.33.

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.