HighTower Advisors LLC Has $6.24 Million Position in Chart Industries, Inc. (NYSE:GTLS)

HighTower Advisors LLC raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 158.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,683 shares of the industrial products company’s stock after purchasing an additional 20,038 shares during the quarter. HighTower Advisors LLC’s holdings in Chart Industries were worth $6,237,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares in the last quarter. Keybank National Association OH grew its stake in Chart Industries by 10,372.6% in the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after purchasing an additional 244,378 shares in the last quarter. Van Berkom & Associates Inc. acquired a new position in Chart Industries in the 4th quarter worth about $35,543,000. Braun Stacey Associates Inc. purchased a new stake in shares of Chart Industries during the 4th quarter worth about $16,631,000. Finally, WCM Investment Management LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at about $16,239,000.

Insider Buying and Selling

In related news, Director Linda S. Harty bought 500 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gerald F. Vinci purchased 175 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock valued at $160,845 over the last ninety days. 0.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Raymond James restated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Citigroup increased their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $149.89 on Wednesday. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 43.45, a PEG ratio of 0.57 and a beta of 1.87. The business has a 50 day moving average price of $189.50 and a 200 day moving average price of $166.30. 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, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

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 the consensus estimate 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 for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 EPS. Research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

About Chart Industries

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.