Chesapeake Capital Corp IL Takes $421,000 Position in Chart Industries, Inc. (NYSE:GTLS)

Chesapeake Capital Corp IL acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,206 shares of the industrial products company’s stock, valued at approximately $421,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GTLS. Harbour Investments Inc. boosted its stake in shares of Chart Industries by 251.7% during the third quarter. Harbour Investments Inc. now owns 1,537 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 1,100 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Chart Industries in the third quarter valued at approximately $210,000. Natixis Advisors LLC boosted its stake in Chart Industries by 8.4% in the third quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company’s stock valued at $2,706,000 after acquiring an additional 1,692 shares in the last quarter. Swiss National Bank boosted its stake in Chart Industries by 0.6% in the third quarter. Swiss National Bank now owns 83,600 shares of the industrial products company’s stock valued at $10,378,000 after acquiring an additional 500 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Chart Industries in the third quarter valued at approximately $860,000.

Analysts Set New Price Targets

Several brokerages have weighed in on GTLS. TD Cowen raised their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. The Goldman Sachs Group raised their target price 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 raised their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, BTIG Research raised their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.08.

Insider Activity at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired 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 ownership of the stock. 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. Company insiders own 0.95% of the company’s stock.

Chart Industries Trading Down 1.2 %

NYSE:GTLS opened at $149.89 on Wednesday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The firm has a fifty day simple moving average of $189.50 and a 200-day simple moving average of $166.30. 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 company has a market capitalization of $6.85 billion, a P/E ratio of 43.45, a PEG ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last posted 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 net margin of 4.30% and a return on equity of 13.25%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share 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.