23,660 Shares in Chart Industries, Inc. (NYSE:GTLS) Purchased by Castleark Management LLC

Castleark Management LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,660 shares of the industrial products company's stock, valued at approximately $2,937,000. Castleark Management LLC owned 0.06% of Chart Industries at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. King Luther Capital Management Corp increased its stake in Chart Industries by 2.9% during the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company's stock worth $128,100,000 after purchasing an additional 29,139 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after buying an additional 32,442 shares during the period. Fisher Asset Management LLC increased its position in shares of Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock worth $73,551,000 after acquiring an additional 13,181 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock worth $68,461,000 after acquiring an additional 262,592 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Chart Industries by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company's stock valued at $62,304,000 after acquiring an additional 11,706 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Craig Hallum increased their target price on Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Stifel Nicolaus lifted their target price on Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. Bank of America lowered their price objective on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Finally, Morgan Stanley upgraded shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price for the company in a report on Monday, September 16th. Three equities research 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 company currently has a consensus rating of "Moderate Buy" and an average price target of $178.82.

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty bought 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, with a total value 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 represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Mahoney purchased 500 shares of the stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. This trade represents a 31.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 6,712 shares of company stock worth $431,982. 0.95% of the stock is owned by company insiders.

Chart Industries Stock Performance

GTLS stock traded down $0.19 during trading hours on Friday, reaching $190.41. The stock had a trading volume of 1,215,146 shares, compared to its average volume of 806,256. The stock has a 50-day simple moving average of $150.58 and a 200 day simple moving average of $141.22. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $196.91. The stock has a market capitalization of $8.15 billion, a PE ratio of 55.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its 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 during 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 for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted $1.28 earnings per share. Analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current fiscal 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.