Blueshift Asset Management LLC Purchases New Holdings in Chart Industries, Inc. (NYSE:GTLS)

Blueshift Asset Management LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,004 shares of the industrial products company's stock, valued at approximately $373,000.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Chart Industries during the 3rd quarter worth about $34,000. UMB Bank n.a. boosted its position in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after acquiring an additional 255 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Chart Industries during the 2nd quarter valued at about $40,000. Ecofi Investissements SA acquired a new stake in shares of Chart Industries during the 2nd quarter valued at about $50,000. Finally, Mendota Financial Group LLC lifted its holdings in shares of Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company's stock valued at $80,000 after buying an additional 203 shares during the last quarter.

Chart Industries Trading Down 1.2 %

Shares of GTLS traded down $2.35 during trading hours on Friday, hitting $193.25. 479,042 shares of the stock traded hands, compared to its average volume of 658,359. 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, Inc. has a 1-year low of $101.60 and a 1-year high of $196.91. The firm has a market capitalization of $8.27 billion, a PE ratio of 55.84, a price-to-earnings-growth ratio of 1.00 and a beta of 1.71. The business has a fifty day moving average of $142.42 and a 200-day moving average of $139.85.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company's revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $1.28 EPS. Analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current year.

Analyst Ratings Changes

GTLS has been the subject of several research reports. Bank of America reduced their price target on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, October 14th. Evercore ISI raised Chart Industries to a "strong-buy" rating in a research note on Monday, August 5th. Craig Hallum raised their price objective on Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a research note on Monday, November 4th. The Goldman Sachs Group cut their price objective on Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. Finally, Barclays cut their price objective on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Three research 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $178.82.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost 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 approximately $14,339,960.88. This represents a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by 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.