Chart Industries, Inc. (NYSE:GTLS) Stake Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,158 shares of the industrial products company’s stock after acquiring an additional 1,281 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chart Industries were worth $2,129,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after acquiring an additional 19,534 shares in the last quarter. Principal Financial Group Inc. increased its position in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after purchasing an additional 32,442 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chart Industries by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 518,085 shares of the industrial products company’s stock valued at $98,871,000 after buying an additional 16,197 shares during the last quarter. Finally, GW&K Investment Management LLC grew its stake in shares of Chart Industries by 1.5% in the 4th quarter. GW&K Investment Management LLC now owns 516,658 shares of the industrial products company’s stock valued at $98,599,000 after buying an additional 7,669 shares in the last quarter.

Analyst Ratings Changes

GTLS has been the topic of several recent research reports. Morgan Stanley cut their price objective on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday. The Goldman Sachs Group raised their price target 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. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Finally, Wells Fargo & Company decreased their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $202.33.

Insider Activity at Chart Industries

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

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $147.48 on Friday. 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. The company has a market cap of $6.74 billion, a P/E ratio of 42.75, a P/E/G ratio of 0.57 and a beta of 1.87. The business’s 50 day moving average is $181.51 and its two-hundred day moving average is $167.91.

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