LPL Financial LLC Boosts Stake in Chart Industries, Inc. (NYSE:GTLS)

LPL Financial LLC raised its holdings in Chart Industries, Inc. (NYSE:GTLS) by 47.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,143 shares of the industrial products company’s stock after acquiring an additional 6,785 shares during the period. LPL Financial LLC’s holdings in Chart Industries were worth $4,035,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GTLS. Archford Capital Strategies LLC grew its position in Chart Industries by 2.2% in the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 48 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 63 shares in the last quarter. Assetmark Inc. increased its position in shares of Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock valued at $417,000 after purchasing an additional 64 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after buying an additional 69 shares during the last quarter.

Insider Activity

In related news, CEO Jillian C. Evanko purchased 350 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gerald F. Vinci acquired 175 shares of Chart Industries stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,109 shares of company stock worth $160,845. Corporate insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GTLS. BTIG Research lifted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. The Goldman Sachs Group upped their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. TD Cowen lifted their price objective on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Citigroup increased their target price on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Barclays decreased their price target on Chart Industries from $165.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $201.42.

Chart Industries Trading Down 7.5 %

Shares of GTLS opened at $121.68 on Friday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm’s 50-day moving average price is $163.23 and its 200-day moving average price is $168.71. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 0.57 and a beta of 1.68.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $2.25 EPS. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 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.