Axxcess Wealth Management LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Axxcess Wealth Management LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,748 shares of the industrial products company's stock, valued at approximately $334,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GTLS. Archford Capital Strategies LLC increased its position in Chart Industries by 2.2% in the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock valued at $433,000 after acquiring an additional 48 shares in the last quarter. MML Investors Services LLC increased its stake in Chart Industries by 3.3% in the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 63 shares in the last quarter. Assetmark Inc. raised its position in shares of Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. boosted its holdings in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after buying an additional 65 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after purchasing an additional 69 shares during the period.

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Chart Industries Price Performance

Shares of NYSE GTLS traded down $4.30 during mid-day trading on Wednesday, hitting $157.02. 301,531 shares of the stock traded hands, compared to its average volume of 658,625. The firm has a 50 day simple moving average of $185.24 and a two-hundred day simple moving average of $167.82. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company has a market cap of $7.17 billion, a PE ratio of 45.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $2.25 earnings per share. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GTLS. Barclays lifted their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. The Goldman Sachs Group increased their price target on Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. BTIG Research boosted their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Citigroup upped their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Raymond James restated a "strong-buy" rating and set a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and a consensus target price of $196.08.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty purchased 500 shares of the business's stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gerald F. Vinci purchased 175 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares of the company's stock, valued at approximately $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock worth $160,845 over the last three months. 0.95% of the stock is owned by company insiders.

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.