Fairway Wealth LLC Acquires Shares of 180 Chart Industries, Inc. (NYSE:GTLS)

Fairway Wealth LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 180 shares of the industrial products company’s stock, valued at approximately $34,000.

Several other hedge funds have also made changes to their positions in the business. Inspire Advisors LLC boosted its stake in shares of Chart Industries by 12.6% during the fourth quarter. Inspire Advisors LLC now owns 6,256 shares of the industrial products company’s stock worth $1,194,000 after buying an additional 698 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth about $1,877,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Chart Industries during the fourth quarter worth about $206,000. Lisanti Capital Growth LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth about $5,962,000. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth about $355,000.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GTLS shares. Raymond James restated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Citigroup raised their price objective 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. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. BTIG Research raised their price objective 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, 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 report on Monday, March 3rd. Three research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Trading Down 4.8 %

Shares of GTLS opened at $142.52 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $195.29 and a 200-day simple moving average of $165.29. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 41.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data 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 business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $2.25 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In other news, CEO Jillian C. Evanko bought 350 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.95% of the company’s stock.

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.