Cibc World Markets Corp Purchases New Stake in Chart Industries, Inc. (NYSE:GTLS)

Cibc World Markets Corp acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,022 shares of the industrial products company's stock, valued at approximately $768,000.

A number of other institutional investors also recently modified their holdings of the company. National Bank of Canada FI grew its position in shares of Chart Industries by 328.7% during the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company's stock worth $839,000 after buying an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock worth $2,744,000 after acquiring an additional 15,862 shares during the period. Fisher Asset Management LLC raised its position in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after acquiring an additional 13,181 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of Chart Industries by 26.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company's stock valued at $1,813,000 after purchasing an additional 2,000 shares during the period. Finally, Blueshift Asset Management LLC bought a new position in shares of Chart Industries in the 3rd quarter worth $373,000.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko acquired 350 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the purchase, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gerald F. Vinci bought 175 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now directly owns 475 shares of the company's stock, valued at $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,109 shares of company stock worth $160,845. Insiders own 0.95% of the company's stock.

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Chart Industries Stock Down 2.7 %

Shares of GTLS stock traded down $4.30 on Wednesday, hitting $157.02. 301,531 shares of the stock were exchanged, compared to its average volume of 658,625. The business has a 50-day moving average of $185.24 and a 200 day moving average of $167.82. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The firm has a market capitalization of $7.17 billion, a P/E ratio of 45.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. 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 (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 for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company's revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $2.25 EPS. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GTLS shares. Raymond James reiterated a "strong-buy" rating and issued a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Citigroup increased their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. TD Cowen boosted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a report on Monday, March 3rd. BTIG Research lifted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group upped 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. Three investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $196.08.

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.