Ashton Thomas Securities LLC Invests $34,000 in Chart Industries, Inc. (NYSE:GTLS)

Ashton Thomas Securities LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 272 shares of the industrial products company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Chart Industries by 504.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after acquiring an additional 386,821 shares during the period. Point72 Asset Management L.P. increased its holdings in Chart Industries by 323.0% in the second quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock worth $60,067,000 after purchasing an additional 317,775 shares in the last quarter. Boston Partners acquired a new position in Chart Industries in the first quarter valued at approximately $30,755,000. Driehaus Capital Management LLC boosted its holdings in shares of Chart Industries by 385.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock worth $28,463,000 after buying an additional 156,562 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new stake in shares of Chart Industries during the 2nd quarter worth approximately $14,333,000.

Insider Transactions at Chart Industries

In other news, Director Paul E. Mahoney acquired 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. This trade represents a 31.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $240,250. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 7,152 shares of company stock worth $482,278 in the last 90 days. Insiders own 0.95% of the company’s stock.

Chart Industries Trading Down 1.7 %

Shares of Chart Industries stock opened at $169.38 on Friday. 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 fifty day simple moving average of $129.37 and a 200 day simple moving average of $137.88. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $176.16. The company has a market capitalization of $7.25 billion, a P/E ratio of 49.10, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GTLS shares. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Stifel Nicolaus upped their price target on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Bank of America reduced their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Wells Fargo & Company lowered their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Chart Industries has an average rating of “Moderate Buy” and a consensus target price of $178.82.

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.