Cerity Partners LLC Increases Stake in Chart Industries, Inc. (NYSE:GTLS)

Cerity Partners LLC boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 49.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,702 shares of the industrial products company's stock after acquiring an additional 18,795 shares during the period. Cerity Partners LLC owned about 0.13% of Chart Industries worth $7,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Investors Research Corp bought a new position in shares of Chart Industries in the 3rd quarter worth $403,000. Charles Schwab Investment Management Inc. grew its stake in Chart Industries by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company's stock valued at $62,304,000 after purchasing an additional 11,706 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Chart Industries in the third quarter worth about $335,000. Primecap Management Co. CA lifted its position in shares of Chart Industries by 56.7% during the third quarter. Primecap Management Co. CA now owns 155,600 shares of the industrial products company's stock valued at $19,316,000 after buying an additional 56,300 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Chart Industries by 173.6% in the 3rd quarter. Intech Investment Management LLC now owns 16,313 shares of the industrial products company's stock valued at $2,025,000 after buying an additional 10,350 shares in the last quarter.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko bought 440 shares of the business's stock in a transaction on Thursday, September 5th. The shares were bought at an average price 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 in the company, valued at $14,339,960.88. This trade represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul E. Mahoney purchased 500 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now directly owns 2,107 shares of the company's stock, valued at $224,500.85. This represents a 31.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 7,152 shares of company stock worth $482,278. Insiders own 0.95% of the company's stock.

Chart Industries Price Performance

Shares of NYSE:GTLS traded up $5.00 during midday trading on Thursday, hitting $195.60. The company had a trading volume of 813,764 shares, compared to its average volume of 659,139. 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 business's 50-day simple moving average is $141.00 and its 200-day simple moving average is $139.46. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 56.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.71. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $196.18.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.25% and a net margin of 4.30%. Chart Industries's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 earnings per share. On average, research analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on GTLS. The Goldman Sachs Group reduced their price objective on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. Barclays reduced their price target on 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. Wells Fargo & Company lowered their price objective 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. Stifel Nicolaus upped 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. Finally, Craig Hallum raised their price target on Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of "Moderate Buy" and an average target price 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.