Cerity Partners LLC Acquires 18,795 Shares of Chart Industries, Inc. (NYSE:GTLS)

Cerity Partners LLC raised its holdings in Chart Industries, Inc. (NYSE:GTLS) by 49.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,702 shares of the industrial products company’s stock after acquiring an additional 18,795 shares during the quarter. Cerity Partners LLC owned about 0.13% of Chart Industries worth $7,039,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in shares of Chart Industries by 37.9% in the 1st quarter. Advisors Asset Management Inc. now owns 571 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 157 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Chart Industries by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,321 shares of the industrial products company’s stock valued at $5,324,000 after buying an additional 1,627 shares during the period. Tidal Investments LLC boosted its holdings in Chart Industries by 18.1% during the first quarter. Tidal Investments LLC now owns 4,906 shares of the industrial products company’s stock worth $808,000 after buying an additional 752 shares during the last quarter. Community Trust & Investment Co. acquired a new position in shares of Chart Industries during the 1st quarter worth about $7,260,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Chart Industries by 6.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 28,574 shares of the industrial products company’s stock valued at $4,707,000 after acquiring an additional 1,753 shares during the last quarter.

Insider Activity at Chart Industries

In other news, Director Paul E. Mahoney purchased 500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was purchased 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 directly owns 2,107 shares in the company, valued at $224,500.85. The trade was a 31.11 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction dated Monday, September 16th. The shares were 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. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by insiders.

Chart Industries Trading Up 2.6 %

NYSE GTLS opened at $195.60 on Thursday. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 56.15, a PEG ratio of 0.97 and a beta of 1.71. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.18. The stock’s 50 day moving average price is $139.52 and its two-hundred day moving average price is $139.06. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

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 return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GTLS. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. 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. Barclays decreased their target price on 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. Finally, The Goldman Sachs Group dropped their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and an average price target 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.