5,675 Shares in Chart Industries, Inc. (NYSE:GTLS) Acquired by AIA Group Ltd

AIA Group Ltd acquired a new stake in Chart Industries, Inc. (NYSE:GTLSFree Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,675 shares of the industrial products company’s stock, valued at approximately $960,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. grew its stake in shares of Chart Industries by 32.7% in the first quarter. Advisor Group Holdings Inc. now owns 1,156 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 285 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Chart Industries by 70.8% in the 1st quarter. JPMorgan Chase & Co. now owns 85,635 shares of the industrial products company’s stock valued at $14,709,000 after purchasing an additional 35,500 shares during the period. Blair William & Co. IL grew its position in shares of Chart Industries by 11.4% during the 1st quarter. Blair William & Co. IL now owns 2,484 shares of the industrial products company’s stock worth $427,000 after purchasing an additional 255 shares in the last quarter. Sei Investments Co. raised its position in shares of Chart Industries by 7.8% in the first quarter. Sei Investments Co. now owns 31,481 shares of the industrial products company’s stock valued at $5,401,000 after buying an additional 2,280 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Chart Industries by 60.0% in the first quarter. Baird Financial Group Inc. now owns 28,427 shares of the industrial products company’s stock valued at $4,883,000 after buying an additional 10,664 shares during the period.

Chart Industries Stock Performance

Shares of GTLS opened at $127.04 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38. The firm’s fifty day simple moving average is $129.49 and its two-hundred day simple moving average is $149.85. Chart Industries, Inc. has a 12 month low of $101.44 and a 12 month high of $184.65. The stock has a market capitalization of $5.43 billion, a P/E ratio of -84.13, a price-to-earnings-growth ratio of 0.32 and a beta of 1.68.

Chart Industries (NYSE:GTLSGet Free Report) last posted its quarterly earnings results on Friday, October 27th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.33). The business had revenue of $897.60 million for the quarter, compared to the consensus estimate of $1.03 billion. Chart Industries had a positive return on equity of 7.94% and a negative net margin of 1.83%. Chart Industries’s quarterly revenue was up 117.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.32 earnings per share. As a group, analysts predict that Chart Industries, Inc. will post 6.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com began coverage on Chart Industries in a report on Thursday, October 5th. They issued a “sell” rating for the company. The Goldman Sachs Group reduced their price objective on shares of Chart Industries from $167.00 to $149.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 14th. HSBC assumed coverage on shares of Chart Industries in a research report on Monday, September 25th. They issued a “buy” rating and a $212.00 target price for the company. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price target on the stock in a research report on Thursday, January 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $224.00 price target on shares of Chart Industries in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and an average price target of $197.64.

Read Our Latest Stock Report on Chart Industries

Insider Activity

In other news, Director Andrew R. Cichocki purchased 400 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $126.88 per share, with a total value of $50,752.00. Following the purchase, the director now owns 1,177 shares in the company, valued at $149,337.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chart Industries news, Director Andrew R. Cichocki purchased 400 shares of Chart Industries stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average price of $126.88 per share, with a total value of $50,752.00. Following the transaction, the director now owns 1,177 shares in the company, valued at approximately $149,337.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda S. Harty acquired 500 shares of the stock in a transaction on Thursday, December 14th. The shares were acquired at an average price of $134.44 per share, for a total transaction of $67,220.00. Following the acquisition, the director now owns 7,310 shares of the company’s stock, valued at approximately $982,756.40. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by company insiders.

Chart Industries Company Profile

(Free Report)

Chart Industries, Inc manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

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Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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