Pier Capital LLC Acquires 1,865 Shares of Chart Industries, Inc. (NYSE:GTLS)

Pier Capital LLC increased its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,382 shares of the industrial products company's stock after acquiring an additional 1,865 shares during the quarter. Chart Industries makes up about 1.7% of Pier Capital LLC's investment portfolio, making the stock its 3rd largest position. Pier Capital LLC owned approximately 0.14% of Chart Industries worth $11,714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. Smartleaf Asset Management LLC lifted its position in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares during the period. Fairway Wealth LLC bought a new position in Chart Industries in the fourth quarter worth approximately $34,000. Blue Trust Inc. lifted its holdings in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after buying an additional 65 shares during the period. Spire Wealth Management boosted its position in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 125 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 69 shares during the period.

Remove Ads

Insider Activity

In related news, CEO Jillian C. Evanko acquired 350 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty acquired 500 shares of the company's stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the purchase, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents 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. Insiders own 0.95% of the company's stock.

Analyst Upgrades and Downgrades

GTLS has been the topic of a number of recent research reports. Barclays raised their price objective on Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Morgan Stanley lowered their price target on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday. BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Wells Fargo & Company lowered their target price on shares of Chart Industries from $215.00 to $214.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $202.33.

Chart Industries Stock Performance

GTLS traded down $6.15 on Friday, reaching $147.48. 477,035 shares of the stock were exchanged, compared to its average volume of 677,880. The company's 50-day moving average price is $181.51 and its 200 day moving average price is $168.33. 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 firm has a market capitalization of $6.74 billion, a PE ratio of 42.75, a PEG ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Friday, February 28th. The industrial products company reported $2.66 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 analyst estimates of $1.17 billion. During the same period last year, the firm earned $2.25 EPS. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

About Chart Industries

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.