Harvest Fund Management Co. Ltd Makes New $388,000 Investment in Chart Industries, Inc. (NYSE:GTLS)

Harvest Fund Management Co. Ltd purchased a new position in Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,032 shares of the industrial products company’s stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GTLS. GSA Capital Partners LLP purchased a new position in Chart Industries in the 3rd quarter worth approximately $210,000. Natixis Advisors LLC grew its stake in Chart Industries by 8.4% in the 3rd quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company’s stock worth $2,706,000 after buying an additional 1,692 shares in the last quarter. Swiss National Bank grew its stake in Chart Industries by 0.6% in the 3rd quarter. Swiss National Bank now owns 83,600 shares of the industrial products company’s stock worth $10,378,000 after buying an additional 500 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Chart Industries in the 3rd quarter worth approximately $860,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Chart Industries by 23.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 150,330 shares of the industrial products company’s stock worth $18,662,000 after buying an additional 28,615 shares in the last quarter.

Chart Industries Trading Down 0.0 %

NYSE:GTLS opened at $155.34 on Friday. The company has a 50-day moving average price of $186.85 and a 200-day moving average price of $166.38. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. 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 cap of $7.10 billion, a price-to-earnings ratio of 45.03, a P/E/G 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 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business posted $2.25 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GTLS. Wells Fargo & Company cut their price objective 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. The Goldman Sachs Group increased their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. BTIG Research increased their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Finally, Citigroup increased their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.08.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, with a total value of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now directly owns 475 shares of the company’s stock, valued at approximately $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,109 shares of company stock valued at $160,845. Company insiders own 0.95% of the company’s stock.

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.