Atika Capital Management LLC Buys Shares of 27,600 Chart Industries, Inc. (NYSE:GTLS)

Atika Capital Management LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 27,600 shares of the industrial products company's stock, valued at approximately $5,267,000. Atika Capital Management LLC owned about 0.06% of Chart Industries at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Archford Capital Strategies LLC lifted its holdings in shares of Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after buying an additional 48 shares in the last quarter. MML Investors Services LLC grew its position in shares of Chart Industries by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock worth $245,000 after purchasing an additional 63 shares in the last quarter. Assetmark Inc. grew its position in shares of Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares during the period. Finally, Lindbrook Capital LLC raised its position in shares of Chart Industries by 43.4% in the fourth 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 in the last quarter.

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Analyst Ratings Changes

GTLS has been the subject of several analyst reports. Citigroup lifted their price objective on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, Morgan Stanley reduced their target price on Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $201.42.

Insider Activity at Chart Industries

In related news, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction dated 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 completion of the transaction, the vice president now owns 475 shares in the company, valued at $70,247.75. This trade 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 accessible through this link. Also, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by insiders.

Chart Industries Trading Down 0.5 %

GTLS stock traded down $0.63 during trading on Friday, hitting $121.11. The company had a trading volume of 211,128 shares, compared to its average volume of 698,188. The stock has a market cap of $5.53 billion, a PE ratio of 35.15, a PEG ratio of 0.57 and a beta of 1.68. The business has a 50-day moving average of $163.23 and a 200-day moving average of $168.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share 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 analyst estimates of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 EPS. Research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal 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.