AGP Franklin LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

AGP Franklin LLC acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,694 shares of the industrial products company's stock, valued at approximately $1,659,000.

Several other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares during the last quarter. Fairway Wealth LLC bought a new position in Chart Industries during the fourth quarter valued at about $34,000. Blue Trust Inc. raised its position in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after acquiring an additional 65 shares during the period. Spire Wealth Management raised its position in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after acquiring an additional 125 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 69 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently commented on GTLS shares. Wells Fargo & Company dropped their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. TD Cowen upped their price target on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. The Goldman Sachs Group lifted 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. Morgan Stanley lowered their price objective on Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, 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. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $201.42.

Insider Activity

In related news, VP Gerald F. Vinci bought 175 shares of the company'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 acquisition, the vice president now directly owns 475 shares of the company's stock, valued at $70,247.75. The trade was a 58.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,109 shares of company stock valued at $160,845. Corporate insiders own 0.95% of the company's stock.

Chart Industries Price Performance

Chart Industries stock traded up $3.80 during midday trading on Friday, reaching $128.61. 620,396 shares of the stock were exchanged, compared to its average volume of 703,697. The company's fifty day moving average is $154.07 and its 200-day moving average is $168.53. 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 firm has a market cap of $5.78 billion, a PE ratio of 37.28, a PEG ratio of 0.57 and a beta of 1.68.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 earnings per share. On average, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.