Chung Wu Investment Group LLC acquired a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,860 shares of the industrial products company's stock, valued at approximately $355,000.
A number of other large investors have also modified their holdings of the company. Lindbrook Capital LLC grew its position in 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 buying an additional 69 shares in the last quarter. Arizona State Retirement System grew its position in Chart Industries by 0.8% in the 4th quarter. Arizona State Retirement System now owns 12,424 shares of the industrial products company's stock valued at $2,371,000 after buying an additional 99 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in Chart Industries in the 4th quarter valued at about $267,000. Proficio Capital Partners LLC bought a new position in Chart Industries in the 4th quarter valued at about $4,298,000. Finally, M&T Bank Corp grew its position in Chart Industries by 51.1% in the 4th quarter. M&T Bank Corp now owns 2,805 shares of the industrial products company's stock valued at $535,000 after buying an additional 948 shares in the last quarter.
Insider Transactions at Chart Industries
In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares of the company's stock, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.95% of the stock is currently owned by corporate insiders.
Chart Industries Stock Up 4.0 %
GTLS traded up $5.74 during midday trading on Friday, hitting $149.89. 1,031,940 shares of the company's stock traded hands, compared to its average volume of 734,971. The company has a market cap of $6.85 billion, a PE ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The stock's fifty day simple moving average is $196.25 and its 200-day simple moving average is $164.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03.
Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 EPS. As a group, equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. TD Cowen raised their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. BTIG Research raised their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Stifel Nicolaus raised their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Finally, Raymond James restated a "strong-buy" rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $194.08.
Check Out Our Latest Research Report on Chart Industries
About Chart Industries
(
Free Report)
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.
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