Xponance Inc. Boosts Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Xponance Inc. boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,031 shares of the industrial products company’s stock after purchasing an additional 269 shares during the quarter. Xponance Inc.’s holdings in Chart Industries were worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. National Bank of Canada FI boosted its position in shares of 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 worth $839,000 after purchasing an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after acquiring an additional 15,862 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after acquiring an additional 13,181 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in shares of Chart Industries by 26.7% during 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 in the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in shares of Chart Industries in the 3rd quarter valued at approximately $373,000.

Insider Activity

In related news, Director Linda S. Harty purchased 500 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gerald F. Vinci acquired 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. This trade represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock worth $160,845 over the last three months. 0.95% of the stock is currently owned by corporate insiders.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $155.34 on Monday. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 0.57 and a beta of 1.87. 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’s 50 day simple moving average is $186.85 and its 200-day simple moving average is $167.12. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 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 net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $2.25 earnings per share. Analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Raymond James restated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. TD Cowen raised their price objective on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Citigroup upped their target price on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Three investment 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 company. Based on data from MarketBeat, Chart Industries has an average rating of “Moderate Buy” and an average target price of $196.08.

Chart Industries Company 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.