Aster Capital Management DIFC Ltd Buys Shares of 1,834 Chart Industries, Inc. (NYSE:GTLS)

Aster Capital Management DIFC Ltd purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,834 shares of the industrial products company’s stock, valued at approximately $350,000.

Other large investors have also modified their holdings of the company. HighTower Advisors LLC boosted its stake in Chart Industries by 1.4% during the 3rd quarter. HighTower Advisors LLC now owns 12,645 shares of the industrial products company’s stock valued at $1,567,000 after purchasing an additional 177 shares during the period. Stifel Financial Corp boosted its position in shares of Chart Industries by 34.9% during the third quarter. Stifel Financial Corp now owns 253,665 shares of the industrial products company’s stock worth $31,490,000 after buying an additional 65,615 shares during the period. Wellington Management Group LLP boosted its position in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after buying an additional 262,592 shares during the period. Castleark Management LLC acquired a new stake in Chart Industries in the 3rd quarter valued at approximately $2,937,000. Finally, National Bank of Canada FI increased its position in Chart Industries by 328.7% in the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock valued at $839,000 after acquiring an additional 5,181 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GTLS. Stifel Nicolaus increased their price target on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Barclays raised their target price 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. BTIG Research upped their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. TD Cowen raised their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company cut their target price on Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.83.

Insider Activity

In other news, Director Linda S. Harty acquired 500 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the acquisition, the chief executive officer now directly owns 137,666 shares of the company’s stock, 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 bought 1,109 shares of company stock worth $160,845 over the last 90 days. 0.95% of the stock is owned by company insiders.

Chart Industries Stock Performance

GTLS opened at $115.48 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market cap of $5.28 billion, a PE ratio of 33.47, a P/E/G ratio of 0.57 and a beta of 1.68. The business has a fifty day simple moving average of $173.52 and a 200-day simple moving average of $169.42. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business posted $2.25 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.