Avantax Advisory Services Inc. Increases Position in Chart Industries, Inc. (NYSE:GTLS)

Avantax Advisory Services Inc. raised its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 130.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,698 shares of the industrial products company's stock after purchasing an additional 3,789 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Chart Industries were worth $1,278,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Harbour Investments Inc. boosted its holdings in shares of Chart Industries by 251.7% during the 3rd quarter. Harbour Investments Inc. now owns 1,537 shares of the industrial products company's stock valued at $191,000 after acquiring an additional 1,100 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Chart Industries during the 3rd quarter valued at $210,000. Natixis Advisors LLC boosted its holdings in shares of Chart Industries by 8.4% during the 3rd quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company's stock valued at $2,706,000 after acquiring an additional 1,692 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Chart Industries by 0.6% during the 3rd quarter. Swiss National Bank now owns 83,600 shares of the industrial products company's stock valued at $10,378,000 after acquiring an additional 500 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Chart Industries during the 3rd quarter valued at $860,000.

Insider Buying and Selling at Chart Industries

In related news, VP Gerald F. Vinci purchased 175 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares of the company's stock, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty purchased 500 shares of the business's stock in a transaction on Monday, March 10th. The shares were bought at an average price of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,109 shares of company stock worth $160,845. Insiders own 0.95% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on Chart Industries from $215.00 to $214.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Raymond James reissued a "strong-buy" rating and set a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group raised their target price on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Finally, Citigroup raised their target price on 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 issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.08.

Chart Industries Stock Down 0.0 %

Chart Industries stock traded down $0.00 during midday trading on Friday, reaching $155.34. The stock had a trading volume of 1,060,387 shares, compared to its average volume of 661,331. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a market capitalization of $7.10 billion, a P/E ratio of 45.03, a PEG ratio of 0.57 and a beta of 1.87. The company has a fifty day moving average price of $186.85 and a two-hundred day moving average price of $166.38. 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 (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the firm posted $2.25 EPS. As a group, equities analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal 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.