Assetmark Inc. Has $263,000 Stake in Chart Industries, Inc. (NYSE:GTLS)

Assetmark Inc. increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,121 shares of the industrial products company’s stock after acquiring an additional 128 shares during the quarter. Assetmark Inc.’s holdings in Chart Industries were worth $263,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Chart Industries during the 1st quarter valued at $30,000. UMB Bank n.a. lifted its stake in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares during the last quarter. Byrne Asset Management LLC bought a new position in Chart Industries during the 2nd quarter valued at approximately $40,000. Ecofi Investissements SA bought a new stake in shares of Chart Industries during the second quarter valued at approximately $50,000. Finally, Covestor Ltd raised its stake in Chart Industries by 509.8% during the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after buying an additional 311 shares during the last quarter.

Wall Street Analyst Weigh In

GTLS has been the topic of several recent research reports. Craig Hallum raised their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group cut their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Barclays lowered their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Stifel Nicolaus lifted their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Three investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Stock Performance

Shares of GTLS stock opened at $165.62 on Friday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $176.16. The company’s fifty day simple moving average is $130.45 and its 200-day simple moving average is $137.96. 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 company has a market cap of $7.09 billion, a PE ratio of 48.01, a P/E/G ratio of 0.88 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 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 18.3% on a year-over-year basis. During the same quarter last year, the business posted $1.28 earnings per share. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current year.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty bought 1,000 shares of the stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $113.50 per share, with a total value of $113,500.00. Following the acquisition, the director now owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. The trade was a 10.37 % 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 hyperlink. Also, 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 cost of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This trade represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock valued at $482,278 over the last three months. 0.95% of the stock is owned by corporate 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.