Pathway Financial Advisers LLC Purchases Shares of 8,069 Chart Industries, Inc. (NYSE:GTLS)

Pathway Financial Advisers LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, HoldingsChannel reports. The fund purchased 8,069 shares of the industrial products company’s stock, valued at approximately $1,002,000.

Other large investors have also modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of Chart Industries during the third quarter worth approximately $205,000. Community Trust & Investment Co. grew its holdings in Chart Industries by 35.4% during the 3rd quarter. Community Trust & Investment Co. now owns 77,917 shares of the industrial products company’s stock worth $9,673,000 after acquiring an additional 20,374 shares in the last quarter. Eastern Bank purchased a new stake in shares of Chart Industries in the 3rd quarter valued at approximately $7,049,000. Cetera Trust Company N.A raised its holdings in shares of Chart Industries by 17.3% in the 3rd quarter. Cetera Trust Company N.A now owns 1,185 shares of the industrial products company’s stock valued at $147,000 after purchasing an additional 175 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. lifted its position in shares of Chart Industries by 15.4% during the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,500 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 1,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Bank of America cut their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. The Goldman Sachs Group decreased their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Barclays reduced their price objective on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.00.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $123.68 on Friday. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 60.33, a PEG ratio of 0.57 and a beta of 1.70. The firm’s fifty day simple moving average is $121.10 and its 200-day simple moving average is $138.00. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $171.68.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company posted $1.19 earnings per share. Chart Industries’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.94 earnings per share for the current year.

Insider Buying and Selling at Chart Industries

In related news, Director Linda S. Harty purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $240,250. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by insiders.

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.