KLP Kapitalforvaltning AS Takes Position in Chart Industries, Inc. (NYSE:GTLS)

KLP Kapitalforvaltning AS acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,200 shares of the industrial products company's stock, valued at approximately $2,137,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Semanteon Capital Management LP acquired a new position in shares of Chart Industries in the 4th quarter worth approximately $664,000. First Financial Bankshares Inc raised its stake in Chart Industries by 86.6% during the fourth quarter. First Financial Bankshares Inc now owns 33,181 shares of the industrial products company's stock worth $6,332,000 after acquiring an additional 15,400 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Chart Industries during the fourth quarter worth $388,000. Chesapeake Capital Corp IL bought a new position in shares of Chart Industries during the fourth quarter valued at $421,000. Finally, Xponance Inc. boosted its stake in shares of Chart Industries by 4.7% in the 4th quarter. Xponance Inc. now owns 6,031 shares of the industrial products company's stock valued at $1,151,000 after purchasing an additional 269 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GTLS. Wells Fargo & Company cut their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday. Citigroup lifted their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. The Goldman Sachs Group increased their price target on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Barclays lifted their price objective on Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $201.83.

Remove Ads

Insider Transactions at Chart Industries

In other news, VP Gerald F. Vinci purchased 175 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jillian C. Evanko acquired 350 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders have purchased 1,109 shares of company stock worth $160,845 in the last three months. Insiders own 0.95% of the company's stock.

Chart Industries Trading Up 1.3 %

NYSE:GTLS traded up $1.82 on Tuesday, hitting $146.18. 472,354 shares of the stock were exchanged, compared to its average volume of 677,627. 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, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 42.37, a P/E/G ratio of 0.57 and a beta of 1.87. The company's 50-day moving average price is $178.65 and its 200 day moving average price is $169.19.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $2.25 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Chart Industries 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.