Pier 88 Investment Partners LLC Takes $456,000 Position in Chart Industries, Inc. (NYSE:GTLS)

Pier 88 Investment Partners LLC purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,670 shares of the industrial products company’s stock, valued at approximately $456,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Chart Industries by 28.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,774 shares of the industrial products company’s stock valued at $19,564,000 after acquiring an additional 26,627 shares during the period. SIR Capital Management L.P. grew its position in Chart Industries by 74.7% in the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after buying an additional 41,626 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in Chart Industries during the 1st quarter worth $15,702,000. NBW Capital LLC increased its stake in shares of Chart Industries by 28.7% during the first quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock worth $9,661,000 after acquiring an additional 13,062 shares during the period. Finally, Primecap Management Co. CA purchased a new stake in Chart Industries in the 2nd quarter valued at approximately $14,333,000.

Insiders Place Their Bets

In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The shares were purchased 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 approximately $14,339,960.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction on Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. Insiders acquired a total of 7,152 shares of company stock worth $482,278 over the last ninety days. 0.95% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Bank of America decreased their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Stifel Nicolaus boosted their target price on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays decreased their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, 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 research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Chart Industries has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Stock Performance

NYSE:GTLS opened at $172.35 on Thursday. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $174.32. The firm’s 50 day moving average is $128.25 and its two-hundred day moving average is $137.66. The company has a market cap of $7.38 billion, a P/E ratio of 49.96, a P/E/G ratio of 0.87 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 (NYSE:GTLS) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. Analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current 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.