Advantage Alpha Capital Partners LP Buys Shares of 47,866 Chart Industries, Inc. (NYSE:GTLS)

Advantage Alpha Capital Partners LP acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 47,866 shares of the industrial products company's stock, valued at approximately $5,942,000. Chart Industries comprises 1.4% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 26th largest holding. Advantage Alpha Capital Partners LP owned approximately 0.11% of Chart Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SIR Capital Management L.P. grew its stake in Chart Industries by 74.7% during 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 purchasing an additional 41,626 shares during the last quarter. NBW Capital LLC increased its holdings in Chart Industries by 28.7% in the 1st quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company's stock worth $9,661,000 after buying an additional 13,062 shares during the period. Premier Fund Managers Ltd purchased a new position in Chart Industries during the 3rd quarter worth approximately $733,000. Fisher Asset Management LLC lifted its stake in Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after acquiring an additional 13,181 shares during the period. Finally, Primecap Management Co. CA purchased a new stake in shares of Chart Industries in the 2nd quarter valued at $14,333,000.

Chart Industries Price Performance

GTLS traded up $0.87 during trading on Tuesday, reaching $190.60. The company's stock had a trading volume of 990,521 shares, compared to its average volume of 658,463. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 55.25, a PEG ratio of 0.94 and a beta of 1.71. The firm has a fifty day simple moving average of $138.11 and a two-hundred day simple moving average of $138.78. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $192.99. 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 - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $1.28 EPS. The business's quarterly revenue was up 18.3% on a year-over-year basis. As a group, analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current year.

Insider Buying and Selling at Chart Industries

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

Wall Street Analyst Weigh In

GTLS has been the subject of several recent research reports. Barclays reduced their target price on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. The Goldman Sachs Group decreased their price objective on Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. 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 report on Monday, October 14th. Stifel Nicolaus boosted their price target on Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Craig Hallum lifted their target price 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. Three 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $178.82.

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.