Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 158.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,683 shares of the industrial products company’s stock after purchasing an additional 20,038 shares during the quarter. HighTower Advisors LLC owned approximately 0.08% of Chart Industries worth $6,237,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings 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 buying an additional 92 shares during the period. Fairway Wealth LLC bought a new position in Chart Industries in the fourth quarter worth about $34,000. Blue Trust Inc. boosted its stake in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the period. Spire Wealth Management grew its holdings in shares of Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 69 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GTLS shares. Raymond James restated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. The Goldman Sachs Group boosted 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. BTIG Research increased their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Stifel Nicolaus boosted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, Barclays raised their price target on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.08.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $149.89 on Wednesday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week 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 stock has a market cap of $6.85 billion, a PE ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company’s 50-day moving average price is $189.50 and its two-hundred day moving average price is $166.30.

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 analysts’ consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion during 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 firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 earnings per share. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other news, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, the vice president now 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Linda S. Harty acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 1,109 shares of company stock worth $160,845 in the last quarter. 0.95% of the stock is owned by company insiders.

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.