Needham Investment Management LLC Raises Holdings in Chart Industries, Inc. (NYSE:GTLS)

Needham Investment Management LLC lifted its stake in Chart Industries, Inc. (NYSE:GTLS) by 37.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,500 shares of the industrial products company’s stock after purchasing an additional 7,500 shares during the quarter. Needham Investment Management LLC owned about 0.06% of Chart Industries worth $3,414,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GTLS. SIR Capital Management L.P. raised its stake in Chart Industries by 74.7% in the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock worth $14,050,000 after acquiring an additional 41,626 shares during the last quarter. Fisher Asset Management LLC lifted its holdings 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 purchasing an additional 13,181 shares during the period. Premier Fund Managers Ltd purchased a new stake in Chart Industries in the third quarter valued at approximately $733,000. Blueshift Asset Management LLC acquired a new position in Chart Industries in the 3rd quarter worth approximately $373,000. Finally, Primecap Management Co. CA purchased a new position in shares of Chart Industries during the second quarter worth $14,333,000.

Chart Industries Trading Down 0.0 %

NYSE GTLS traded down $0.01 during trading hours on Tuesday, reaching $192.24. The company had a trading volume of 92,953 shares, compared to its average volume of 656,203. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $8.23 billion, a P/E ratio of 56.06, a price-to-earnings-growth ratio of 0.99 and a beta of 1.86. The stock has a 50-day moving average of $143.84 and a 200 day moving average of $139.86. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $196.91.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data 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 company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Insider Transactions at Chart Industries

In related news, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock worth $482,278 over the last ninety days. Company insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on GTLS shares. Wells Fargo & Company lowered their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a report on Monday, September 16th. Craig Hallum increased their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group dropped their target price 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 investment 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

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.