Aster Capital Management DIFC Ltd Buys Shares of 1,834 Chart Industries, Inc. (NYSE:GTLS)

Aster Capital Management DIFC Ltd purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,834 shares of the industrial products company’s stock, valued at approximately $350,000.

Several other institutional investors have also made changes to their positions in GTLS. Archford Capital Strategies LLC boosted its stake in shares of Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 48 shares in the last quarter. MML Investors Services LLC raised its position in shares of Chart Industries by 3.3% in the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 63 shares during the period. Assetmark Inc. lifted its stake in shares of Chart Industries by 3.0% in the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after buying an additional 64 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period. Finally, Lindbrook Capital LLC grew its stake in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after buying an additional 69 shares during the last quarter.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $115.48 on Monday. The firm has a market cap of $5.28 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The firm’s 50-day simple moving average is $173.52 and its 200-day simple moving average is $169.42. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. BTIG Research increased their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Barclays lifted their price target on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Wells Fargo & Company cut their price target on Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. Finally, The Goldman Sachs Group raised their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $201.83.

Insider Buying and Selling at Chart Industries

In other news, VP Gerald F. Vinci acquired 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda S. Harty bought 500 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now directly owns 11,684 shares of the company’s stock, 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. Insiders have purchased 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 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.