Premier Fund Managers Ltd Buys New Stake in Chart Industries, Inc. (NYSE:GTLS)

Premier Fund Managers Ltd purchased a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,833 shares of the industrial products company's stock, valued at approximately $733,000.

A number of other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries in the first quarter worth $30,000. Vanguard Group Inc. raised its stake in shares of Chart Industries by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company's stock valued at $693,243,000 after buying an additional 45,137 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company's stock valued at $61,000 after buying an additional 311 shares during the period. Bessemer Group Inc. boosted its stake in shares of Chart Industries by 1,302.3% in the first quarter. Bessemer Group Inc. now owns 617 shares of the industrial products company's stock worth $102,000 after buying an additional 573 shares during the last quarter. Finally, Shell Asset Management Co. acquired a new stake in Chart Industries during the first quarter worth about $451,000.

Chart Industries Trading Down 0.9 %

NYSE:GTLS traded down $1.55 on Wednesday, hitting $167.52. The stock had a trading volume of 171,127 shares, compared to its average volume of 650,916. The company has a fifty day moving average price of $132.83 and a two-hundred day moving average price of $138.16. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $176.16. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 49.05, a PEG ratio of 0.85 and a beta of 1.71.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company's revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 earnings per share. Equities research analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, Director Linda S. Harty acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the acquisition, the director now owns 10,640 shares of the company's stock, valued at approximately $1,207,640. This trade represents a 10.37 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jillian C. Evanko purchased 440 shares of the company's stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares of the company's stock, valued at approximately $14,339,960.88. This represents a 0.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 7,152 shares of company stock valued at $482,278 over the last 90 days. 0.95% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI raised Chart Industries to a "strong-buy" rating in a report on Monday, August 5th. Morgan Stanley upgraded shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target on the stock in a research report on Monday, September 16th. Craig Hallum lifted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a report on Monday, November 4th. Bank of America dropped their target price on Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Finally, Stifel Nicolaus lifted their price target on shares of Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $178.82.

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.