Dynamic Technology Lab Private Ltd Acquires 3,784 Shares of Chart Industries, Inc. (NYSE:GTLS)

Dynamic Technology Lab Private Ltd increased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 79.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,572 shares of the industrial products company’s stock after purchasing an additional 3,784 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Chart Industries were worth $1,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in Chart Industries by 2.3% in 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 last quarter. Cerity Partners LLC lifted its stake in shares of Chart Industries by 49.6% in the 3rd quarter. Cerity Partners LLC now owns 56,702 shares of the industrial products company’s stock valued at $7,039,000 after acquiring an additional 18,795 shares during the last quarter. Investors Research Corp purchased a new stake in Chart Industries during the 3rd quarter valued at about $403,000. Charles Schwab Investment Management Inc. grew its position in Chart Industries by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company’s stock worth $62,304,000 after acquiring an additional 11,706 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in Chart Industries in the 3rd quarter worth approximately $335,000.

Chart Industries Price Performance

Shares of GTLS stock opened at $190.60 on Wednesday. The business’s fifty day moving average is $138.11 and its 200 day moving average is $138.78. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 55.25, a PEG ratio of 0.94 and a beta of 1.71. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $192.99.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 EPS. Research analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Bank of America decreased their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Morgan Stanley upgraded 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. Stifel Nicolaus boosted their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Craig Hallum increased their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. This represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock worth $482,278 over the last three months. 0.95% of the stock is currently owned by corporate insiders.

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.