EFG Asset Management North America Corp. Buys 3,403 Shares of Chart Industries, Inc. (NYSE:GTLS)

EFG Asset Management North America Corp. boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 19.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,632 shares of the industrial products company’s stock after purchasing an additional 3,403 shares during the period. EFG Asset Management North America Corp.’s holdings in Chart Industries were worth $3,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Riposte Capital LLC purchased a new position in shares of Chart Industries during the 4th quarter valued at $13,359,000. Sheets Smith Investment Management purchased a new stake in Chart Industries in the 4th quarter worth about $1,150,000. Vanguard Group Inc. raised its stake in Chart Industries by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company’s stock valued at $820,115,000 after acquiring an additional 59,889 shares during the period. LPL Financial LLC lifted its holdings in Chart Industries by 47.3% during the fourth quarter. LPL Financial LLC now owns 21,143 shares of the industrial products company’s stock valued at $4,035,000 after purchasing an additional 6,785 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Chart Industries during the fourth quarter worth about $2,137,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GTLS. The Goldman Sachs Group upped their price target 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. Wells Fargo & Company dropped their target price on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Citigroup lifted their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. TD Cowen increased their price objective on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, 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. Three 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’s stock. According to data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and an average target price of $196.08.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko acquired 350 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 1,109 shares of company stock worth $160,845. 0.95% of the stock is currently owned by insiders.

Chart Industries Trading Up 5.1 %

Shares of Chart Industries stock opened at $163.10 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The firm has a market cap of $7.45 billion, a PE ratio of 47.27, a PEG ratio of 0.57 and a beta of 1.87. The company has a 50 day simple moving average of $186.11 and a two-hundred day simple moving average of $167.48.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.25 earnings per share. Analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.