Harvest Fund Management Co. Ltd Purchases Shares of 2,032 Chart Industries, Inc. (NYSE:GTLS)

Harvest Fund Management Co. Ltd acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,032 shares of the industrial products company's stock, valued at approximately $388,000.

A number of other hedge funds have also made changes to their positions in the business. Chesapeake Capital Corp IL purchased a new position in shares of Chart Industries in the 4th quarter valued at $421,000. Xponance Inc. grew its holdings in shares of Chart Industries by 4.7% during the fourth quarter. Xponance Inc. now owns 6,031 shares of the industrial products company's stock worth $1,151,000 after purchasing an additional 269 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Chart Industries by 25.4% during the fourth quarter. Intech Investment Management LLC now owns 20,453 shares of the industrial products company's stock worth $3,903,000 after purchasing an additional 4,140 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Chart Industries by 13.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 11,158 shares of the industrial products company's stock worth $2,129,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Chart Industries in the 4th quarter valued at about $334,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. The Goldman Sachs Group lifted their price target on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on shares of Chart Industries from $215.00 to $214.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Raymond James reiterated a "strong-buy" rating and set a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Finally, BTIG Research increased their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.08.

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Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko purchased 350 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gerald F. Vinci acquired 175 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the transaction, 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 have acquired 1,109 shares of company stock valued at $160,845 over the last quarter. Corporate insiders own 0.95% of the company's stock.

Chart Industries Price Performance

Shares of Chart Industries stock traded down $4.30 during trading on Wednesday, reaching $157.02. The company's stock had a trading volume of 301,532 shares, compared to its average volume of 709,011. The business has a 50 day moving average price of $185.24 and a 200-day moving average price of $167.82. The company 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 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 12-month low of $101.60 and a 12-month high of $220.03.

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 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%. The business's revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.