Chart Industries, Inc. (NYSE:GTLS) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,632 shares of the industrial products company's stock after acquiring an additional 3,403 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Chart Industries were worth $3,944,000 at the end of the most recent reporting period.

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

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Chart Industries Trading Down 4.0 %

GTLS stock traded down $6.15 during trading on Friday, reaching $147.48. 477,035 shares of the stock traded hands, compared to its average volume of 677,880. The firm has a market capitalization of $6.74 billion, a PE ratio of 42.75, a P/E/G ratio of 0.57 and a beta of 1.87. 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 business's 50 day moving average price is $181.51 and its 200-day moving average price is $168.33. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). The business had revenue of $1.11 billion during 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%. Chart Industries's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.25 EPS. As a group, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on GTLS shares. Morgan Stanley reduced their target price on Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday. Barclays upped their price target on Chart Industries from $145.00 to $165.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Raymond James restated a "strong-buy" rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Citigroup upped their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $202.33.

Insider Activity

In other news, VP Gerald F. Vinci purchased 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty purchased 500 shares of the company's stock in a transaction that occurred on 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 $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. Over the last quarter, insiders purchased 1,109 shares of company stock worth $160,845. 0.95% of the stock is currently owned by corporate 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.