Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 802,907 shares of the industrial products company's stock after acquiring an additional 32,442 shares during the quarter. Principal Financial Group Inc. owned 1.88% of Chart Industries worth $99,673,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Chart Industries during the first quarter valued at approximately $30,000. UMB Bank n.a. raised its position in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 255 shares in the last quarter. Byrne Asset Management LLC purchased a new position in Chart Industries during the second quarter valued at approximately $40,000. Ecofi Investissements SA purchased a new stake in shares of Chart Industries in the second quarter valued at approximately $50,000. Finally, Covestor Ltd increased its position in shares of Chart Industries by 509.8% in the first quarter. Covestor Ltd now owns 372 shares of the industrial products company's stock valued at $61,000 after buying an additional 311 shares in the last quarter.

Chart Industries Trading Up 2.2 %

NYSE GTLS traded up $3.63 on Friday, reaching $166.59. 857,528 shares of the company were exchanged, compared to its average volume of 895,053. The business's fifty day moving average price is $124.95 and its 200 day moving average price is $137.36. The stock has a market capitalization of $7.13 billion, a P/E ratio of 48.28, a price-to-earnings-growth ratio of 0.85 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $171.68.

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). The company 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%. The business's quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. Analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, November 4th. The Goldman Sachs Group cut their price objective on Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Bank of America cut their price objective on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Finally, Craig Hallum lifted their price target on Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $178.82.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of Chart Industries stock in a transaction on Monday, September 16th. The shares were bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at $240,250. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Jillian C. Evanko acquired 440 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares of the company's stock, valued at $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The disclosure for this purchase can be found here. Insiders have acquired 7,152 shares of company stock worth $482,278 over the last quarter. 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.