Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3,830.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,673 shares of the industrial products company's stock after acquiring an additional 2,605 shares during the quarter. Parallel Advisors LLC's holdings in Chart Industries were worth $510,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GTLS. GSA Capital Partners LLP purchased a new stake in shares of Chart Industries in the third quarter valued at about $210,000. Natixis Advisors LLC boosted its holdings in Chart Industries by 8.4% in the 3rd quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company's stock valued at $2,706,000 after purchasing an additional 1,692 shares during the last quarter. Swiss National Bank grew its stake in shares of Chart Industries by 0.6% in the 3rd quarter. Swiss National Bank now owns 83,600 shares of the industrial products company's stock valued at $10,378,000 after buying an additional 500 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Chart Industries during the 3rd quarter worth approximately $860,000. Finally, King Luther Capital Management Corp raised its position in shares of 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 valued at $128,100,000 after buying an additional 29,139 shares during the period.

Analysts Set New Price Targets

GTLS has been the subject of a number of recent analyst reports. Raymond James reiterated a "strong-buy" rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. The Goldman Sachs Group boosted their price target on shares of Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. BTIG Research lifted their target price on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, December 16th. Stifel Nicolaus increased their price target on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Finally, Citigroup upped their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $196.08.

Remove Ads

Chart Industries Stock Performance

GTLS traded down $1.81 on Tuesday, reaching $161.11. The company had a trading volume of 471,516 shares, compared to its average volume of 660,285. The company has a quick ratio of 1.00, a current ratio of 1.27 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 $220.03. The stock has a market capitalization of $7.36 billion, a PE ratio of 46.70, a P/E/G ratio of 0.57 and a beta of 1.87. The stock has a 50-day moving average price of $186.11 and a 200-day moving average price of $167.48.

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

Insider Activity

In related news, VP Gerald F. Vinci purchased 175 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, the vice president now directly owns 475 shares of the company's stock, valued at approximately $70,247.75. The trade was a 58.33 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the purchase, the director now owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 1,109 shares of company stock valued at $160,845 in the last ninety days. 0.95% of the stock is currently owned by company insiders.

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.