Bridgewater Associates LP Makes New $7.14 Million Investment in Chart Industries, Inc. (NYSE:GTLS)

Bridgewater Associates LP acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,494 shares of the industrial products company's stock, valued at approximately $7,137,000. Bridgewater Associates LP owned about 0.13% of Chart Industries as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GTLS. BNP Paribas Financial Markets grew its holdings in Chart Industries by 41.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 25,853 shares of the industrial products company's stock valued at $3,209,000 after buying an additional 7,634 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new position in Chart Industries in the 3rd quarter valued at $5,942,000. The Manufacturers Life Insurance Company increased its holdings in shares of Chart Industries by 0.7% in the third quarter. The Manufacturers Life Insurance Company now owns 56,931 shares of the industrial products company's stock worth $7,067,000 after purchasing an additional 389 shares during the period. Truvestments Capital LLC bought a new position in shares of Chart Industries in the third quarter worth $136,000. Finally, Loomis Sayles & Co. L P raised its position in shares of Chart Industries by 39.3% in the third quarter. Loomis Sayles & Co. L P now owns 75,101 shares of the industrial products company's stock worth $9,323,000 after buying an additional 21,206 shares in the last quarter.

Chart Industries Trading Down 1.2 %

GTLS stock traded down $2.35 on Friday, reaching $193.25. The company's stock had a trading volume of 479,043 shares, compared to its average volume of 658,359. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The business has a fifty day simple moving average of $143.84 and a two-hundred day simple moving average of $140.12. The firm has a market cap of $8.27 billion, a PE ratio of 56.01, a PEG ratio of 1.00 and a beta of 1.71. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $196.91.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company's revenue for the quarter was up 18.3% on a year-over-year basis. As a group, research analysts forecast that Chart Industries, Inc. will post 9.03 EPS for the current year.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.35 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now owns 5,000 shares of the company's stock, valued at approximately $240,250. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GTLS. Barclays decreased their price objective on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Stifel Nicolaus upped their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Wells Fargo & Company lowered their price target on Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Craig Hallum lifted their price target on Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective on the stock in a research report on Monday, September 16th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.