Erste Asset Management GmbH Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

Erste Asset Management GmbH bought a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,350 shares of the industrial products company's stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. Swiss National Bank lifted its holdings in Chart Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 84,200 shares of the industrial products company's stock worth $16,069,000 after buying an additional 600 shares during the period. Avantax Advisory Services Inc. lifted its stake in Chart Industries by 130.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 6,698 shares of the industrial products company's stock worth $1,278,000 after acquiring an additional 3,789 shares during the period. Truvestments Capital LLC boosted its holdings in Chart Industries by 111.2% in the fourth quarter. Truvestments Capital LLC now owns 2,308 shares of the industrial products company's stock valued at $440,000 after acquiring an additional 1,215 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Chart Industries by 4.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 9,880 shares of the industrial products company's stock valued at $1,886,000 after acquiring an additional 379 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Chart Industries by 158.5% during the 4th quarter. HighTower Advisors LLC now owns 32,683 shares of the industrial products company's stock valued at $6,237,000 after purchasing an additional 20,038 shares during the period.

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Chart Industries Stock Performance

GTLS stock traded up $5.10 on Wednesday, hitting $154.98. The company had a trading volume of 591,624 shares, compared to its average volume of 660,691. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 44.92, a P/E/G 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. The stock's 50-day simple moving average is $189.50 and its 200 day simple moving average is $166.30. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results 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 firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.25 earnings per share. As a group, equities research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GTLS shares. Raymond James reissued a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Wells Fargo & Company decreased their target price on Chart Industries from $215.00 to $214.00 and set an "overweight" rating for the company in a research 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 company a "buy" rating in a research report on Monday, December 16th. The Goldman Sachs Group upped their price target on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Finally, TD Cowen lifted their price target on Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $194.08.

Insider Activity

In other news, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gerald F. Vinci bought 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 1,109 shares of company stock valued at $160,845 in the last 90 days. Company insiders own 0.95% of the company's stock.

Chart Industries 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.