Dynamic Technology Lab Private Ltd Acquires 3,784 Shares of Chart Industries, Inc. (NYSE:GTLS)

Dynamic Technology Lab Private Ltd boosted its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 79.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,572 shares of the industrial products company's stock after acquiring an additional 3,784 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Chart Industries were worth $1,064,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its position in shares of Chart Industries by 2.3% in 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 in the last quarter. Cerity Partners LLC boosted its holdings in Chart Industries by 49.6% in the third quarter. Cerity Partners LLC now owns 56,702 shares of the industrial products company's stock worth $7,039,000 after purchasing an additional 18,795 shares in the last quarter. Investors Research Corp acquired a new position in shares of Chart Industries in the 3rd quarter worth approximately $403,000. Charles Schwab Investment Management Inc. boosted its stake in Chart Industries by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company's stock valued at $62,304,000 after buying an additional 11,706 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Chart Industries in the third quarter valued at $335,000.

Chart Industries Trading Up 2.6 %

NYSE GTLS traded up $5.00 on Wednesday, reaching $195.60. The company had a trading volume of 813,531 shares, compared to its average volume of 658,980. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.19. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 56.15, a PEG ratio of 0.97 and a beta of 1.71. The stock's 50 day moving average is $139.52 and its 200-day moving average is $139.06.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) 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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The firm's revenue was up 18.3% on a year-over-year basis. Equities analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Insider Transactions at Chart Industries

In other news, CEO Jillian C. Evanko acquired 440 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Linda S. Harty acquired 5,000 shares of the 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 purchase, the director now owns 5,000 shares in the company, valued at approximately $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,152 shares of company stock valued at $482,278 over the last 90 days. 0.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GTLS shares. Craig Hallum raised their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Stifel Nicolaus raised their target price on Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley upgraded shares of 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. Finally, Bank of America decreased their price target on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $178.82.

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.