Chesapeake Capital Corp IL Acquires Shares of 2,206 Chart Industries, Inc. (NYSE:GTLS)

Chesapeake Capital Corp IL acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,206 shares of the industrial products company’s stock, valued at approximately $421,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Chart Industries by 129.6% during 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 bought a new position in shares of Chart Industries during the 4th quarter valued at about $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 valued at $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management boosted its holdings 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 purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings 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 valued at $44,000 after purchasing an additional 69 shares during the last quarter.

Chart Industries Stock Performance

Chart Industries stock opened at $149.89 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The firm has a market capitalization of $6.85 billion, a P/E 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 is $189.50 and its 200 day moving average is $166.30.

Chart Industries (NYSE:GTLS) last issued 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 company 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%. Chart Industries’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 earnings per share. Research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insiders Place Their Bets

In related news, Director Linda S. Harty bought 500 shares of the company’s stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the purchase, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jillian C. Evanko bought 350 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 1,109 shares of company stock worth $160,845 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays increased their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. TD Cowen upped their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Citigroup upped their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. BTIG Research upped their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company decreased their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and an average price target of $194.08.

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.