Riposte Capital LLC Invests $13.36 Million in Chart Industries, Inc. (NYSE:GTLS)

Riposte Capital LLC bought a new position in Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 70,000 shares of the industrial products company’s stock, valued at approximately $13,359,000. Chart Industries accounts for 2.6% of Riposte Capital LLC’s investment portfolio, making the stock its 6th largest holding. Riposte Capital LLC owned approximately 0.16% of Chart Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GTLS. National Bank of Canada FI boosted its holdings in Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after purchasing an additional 5,181 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after buying an additional 15,862 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Chart Industries by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after acquiring an additional 13,181 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its position in shares of Chart Industries by 26.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in Chart Industries during the third quarter worth about $373,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GTLS shares. Barclays raised their price target on Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Raymond James restated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group increased their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Citigroup boosted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus raised their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $196.08.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Linda S. Harty purchased 500 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 1,109 shares of company stock valued at $160,845 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $155.34 on Monday. The stock’s fifty day moving average price is $186.85 and its two-hundred day moving average price is $167.12. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 45.03, a P/E/G ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.25 EPS. On average, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.