Vanguard Group Inc. Raises Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Vanguard Group Inc. grew its stake in Chart Industries, Inc. (NYSE:GTLS) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,297,398 shares of the industrial products company’s stock after buying an additional 59,889 shares during the period. Vanguard Group Inc. owned 10.04% of Chart Industries worth $820,115,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Chart Industries by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company’s stock worth $62,304,000 after purchasing an additional 11,706 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Chart Industries by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 56,931 shares of the industrial products company’s stock valued at $7,067,000 after purchasing an additional 389 shares during the period. BNP Paribas Financial Markets grew its stake in Chart Industries by 41.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 25,853 shares of the industrial products company’s stock worth $3,209,000 after buying an additional 7,634 shares during the last quarter. Bridgewater Associates LP acquired a new position in Chart Industries during the third quarter worth approximately $7,137,000. Finally, Glenmede Trust Co. NA lifted its stake in Chart Industries by 2.4% in the third quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company’s stock valued at $595,000 after buying an additional 114 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Gerald F. Vinci purchased 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased 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 directly owns 475 shares in the company, valued at $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,109 shares of company stock worth $160,845. Insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

GTLS has been the topic of a number of research reports. Morgan Stanley lowered their target price 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 lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Wells Fargo & Company decreased their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Finally, Citigroup upped their price objective on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Three equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $202.33.

Chart Industries Trading Down 4.0 %

NYSE:GTLS opened at $147.48 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 debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a fifty day moving average price of $181.51 and a two-hundred day moving average price of $168.33. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last posted its quarterly 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 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 was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 earnings per share. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal 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.