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

Commonwealth Equity Services LLC raised its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 7,569 shares of the industrial products company’s stock after purchasing 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 SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GTLS. Smartleaf Asset Management LLC raised its position in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 92 shares during the last quarter. Fairway Wealth LLC acquired a new stake in Chart Industries during the 4th quarter worth $34,000. Blue Trust Inc. boosted 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 worth $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management boosted its position in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after buying an additional 69 shares during the period.

Chart Industries Trading Down 4.0 %

GTLS stock opened at $147.48 on Friday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The business has a fifty day simple moving average of $181.51 and a 200-day simple moving average of $168.33. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 0.57 and a beta of 1.87. 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 released its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $2.25 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Buying and Selling

In other news, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jillian C. Evanko acquired 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 1,109 shares of company stock worth $160,845 in the last three months. 0.95% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GTLS shares. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. BTIG Research upped their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Finally, Morgan Stanley dropped 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. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $202.33.

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.