Nomura Asset Management Co. Ltd. Raises Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Nomura Asset Management Co. Ltd. boosted its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,943 shares of the industrial products company's stock after purchasing an additional 13,289 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.22% of Chart Industries worth $11,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EFG Asset Management North America Corp. increased its position in shares of Chart Industries by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company's stock worth $1,916,000 after purchasing an additional 63 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock worth $245,000 after purchasing an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company's stock worth $270,000 after buying an additional 64 shares during the last quarter. Arizona State Retirement System increased its position in Chart Industries by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company's stock valued at $1,708,000 after buying an additional 87 shares in the last quarter. Finally, Aristeia Capital L.L.C. raised its stake in Chart Industries by 3.7% in the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company's stock valued at $377,000 after buying an additional 92 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GTLS. The Goldman Sachs Group dropped their price target 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. Barclays dropped their target price 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. Bank of America decreased their price target on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, October 14th. Wells Fargo & Company lowered their price objective on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Finally, Morgan Stanley raised Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $178.82.

Insider Activity at Chart Industries

In other news, Director Linda S. Harty purchased 1,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $113.50 per share, with a total value of $113,500.00. Following the completion of the acquisition, the director now owns 10,640 shares of the company's stock, valued at approximately $1,207,640. This represents a 10.37 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders purchased 6,212 shares of company stock worth $378,707. 0.95% of the stock is owned by corporate insiders.

Chart Industries Stock Performance

Shares of Chart Industries stock traded up $0.22 during trading on Thursday, hitting $198.03. 528,317 shares of the company's stock were exchanged, compared to its average volume of 659,377. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $201.10. 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 stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 57.34, a PEG ratio of 0.98 and a beta of 1.86. The business has a 50-day simple moving average of $154.91 and a 200-day simple moving average of $142.07.

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 for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The business's quarterly revenue was up 18.3% on a year-over-year basis. On average, research analysts forecast that Chart Industries, Inc. will post 9.03 EPS for the current 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.